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Persistence of Green Asset Returns, Fossil Fuel Returns, and Climate Policy Uncertainty

Author

Listed:
  • Emeka Akpa
  • Ismaila Okunoye
  • Maxwell Jimmy
  • Sheriff Badmus

    (Centre for Econometrics and Applied Research, Nigeria)

Abstract

The study uses a novel approach to test for the persistence of green asset returns, fossil fuel returns, and climate policy uncertainty. We find evidence of persistence in the series when asymmetries are considered in our test. The fossil fuel returns and climate policy uncertainty have no effect on the persistence of sustainable green asset returns. Policies around climate policy uncertainty and green asset returns should be long term.

Suggested Citation

  • Emeka Akpa & Ismaila Okunoye & Maxwell Jimmy & Sheriff Badmus, 2024. "Persistence of Green Asset Returns, Fossil Fuel Returns, and Climate Policy Uncertainty," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 4(4), pages 1-5.
    • Handle: RePEc:ayb:jrnerl:94
    DOI: 2024/07/09
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    References listed on IDEAS

    as
    1. Gil-Alana, Luis A. & Carcel, Hector, 2020. "A fractional cointegration var analysis of exchange rate dynamics," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
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    More about this item

    Keywords

    Climate policy uncertainty; Persistence;

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection

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