Asset Details
Do you wish to reserve the book?
Green Bonds and Energy Markets Under Climate Risk Shock: A Spillover Perspective
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Green Bonds and Energy Markets Under Climate Risk Shock: A Spillover Perspective
Do you wish to request the book?
Green Bonds and Energy Markets Under Climate Risk Shock: A Spillover Perspective
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Green Bonds and Energy Markets Under Climate Risk Shock: A Spillover Perspective
2026
Overview
In the context of escalating climate change, it is imperative to understand its multifaceted impacts on financial markets, as climate risks not only affect the low-order moments (mean and variance) but also the high-order moments (skew and kurtosis) of the energy market and the bond market. This study employs a quantile vector autoregressive framework, a combination of time-domain and frequency-domain analyses, and quantile-to-quantile regression to assess the dynamic spillover effects under varying market conditions. The results reveal that spillover effects are particularly pronounced during extreme events, both high positive shocks (above the 80th percentile) or high negative changes (below the 20th percentile). Furthermore, during periods of high climate risks, the dynamic interaction between the energy market and green bonds intensifies, strengthening their roles in the context of spillover effects and altering their respective positions. Our findings also exhibit that the coal markets and green bonds act as net recipients of spillovers, highlighting their potential as effective hedging instruments. Finally, climate risks contribute to an increasing spillover of risk in the new energy sector, with the long-term trend showing the most significant growth in spillover intensity.
