Unraveling uncertainty spillovers: Climate policy's role in global economic, energy and geopolitical landscapes

Energy & Environment, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 18, 2025

This paper discusses the uncertainty spillover among climate policy, economic energy market and geopolitics, using time-varying parameter vector autoregression (TVP-VAR) connectedness approach. The major results show that total index (TCI) is dominated by long-term in static analysis. main transmitters are policy China (CPUC) (EPU) while receivers USA (CPUS) energy-related (ERU) when considering time frequency. Next, dynamic analysis, TCI exhibits a downward trend, net directional indicates CPUC still pure transmitter, CPUS plays completely opposite role. Finally, pairwise analysis shows exerts spillovers on EPU, ERU geopolitical risk. Conversely, more likely to accept shock of other uncertainties. contribution different uncertainties incorporated into unified research framework, explain detailed influencing channels. More importantly, this recognizes roles entire with frequency, argue reshaping global economy, situation. Some policies, including prudent firm international cooperation, depoliticization climate-related decisions, provided for promoting development, stabilizing tensions.

Language: Английский

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Causality Between Brent and West Texas Intermediate: The Effects of COVID-19 Pandemic and Russia–Ukraine War

Commodities, Journal Year: 2025, Volume and Issue: 4(1), P. 2 - 2

Published: Feb. 28, 2025

The article analyzes the Granger-based causal relationship between two major crude oil markets, namely Brent and West Texas Intermediate (WTI), by using standard vector autoregression (VAR) framework. In this regard, effects of COVID-19 pandemic Russia–Ukraine war on causality WTI are examined. empirical results from Granger-causality tests show (a) strong to during period prior war, (b) no (c) pandemic, (d) evidence (e) both markets war. addition, in quantiles support linear Granger general. However, contrary test, quantile-in-regression test shows that returns cause before pandemic. Furthermore, time-varying all conclusions (and static) except hypothesis causes Moreover, clearly varies across periods. Revealing causalities periods economic political stability, would help policymakers develop appropriate energy policy investors determine risk management actions.

Language: Английский

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Quantile Connectedness among Climate Policy Uncertainty, News Sentiment, Oil and Renewables in China

Research in International Business and Finance, Journal Year: 2025, Volume and Issue: unknown, P. 102814 - 102814

Published: Feb. 1, 2025

Language: Английский

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Connectedness of China’s green bond and green stock markets at the low- and high-order moments: The role of economic and climate policy uncertainty

The North American Journal of Economics and Finance, Journal Year: 2025, Volume and Issue: unknown, P. 102410 - 102410

Published: March 1, 2025

Language: Английский

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Financial Markets and Environmental Risks: Unveiling the Impact of Climate Uncertainty

Research in International Business and Finance, Journal Year: 2025, Volume and Issue: unknown, P. 102998 - 102998

Published: May 1, 2025

Language: Английский

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Multi-scale Dynamic Correlation Between Climate Shock and China's Stock Market: Evidence Based on High Frequency Data

Computational Economics, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 21, 2024

Language: Английский

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Identifying risk transmission in carbon, energy and metal markets: Evidence from a novel quantile frequency connectedness approach

The North American Journal of Economics and Finance, Journal Year: 2024, Volume and Issue: unknown, P. 102354 - 102354

Published: Dec. 1, 2024

Language: Английский

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