Does carbon asset add value to clean energy market? Evidence from EU

Does carbon asset add value to clean energy market? Evidence from EU

This paper examines if clean energy stocks help investors in managing carbon risk. We use the price of the European Union Allowance (EUA) and European clean energy index (ERIX) for the three phases of the EU-Emission Trading Scheme. Analyzing the time-varying correlation and volatility of EUA stock...

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Bibliographic Details
Main Authors: Memoona Kanwal, Hashim Khan
Format: Article
Language:English
Published: AIMS Press 2021-11-01
Series:Green Finance
Subjects:
european union allowance (eua)
european clean energy index (erix)
go-garch
carbon risk
portfolio diversification
Online Access:https://www.aimspress.com/article/doi/10.3934/GF.2021023?viewType=HTML

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