IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v241y2025ics0960148125000655.html
   My bibliography  Save this article

Extreme spillovers among green finance, energy, and energy metals markets in China: Evidence under the dilemma of energy transition

Author

Listed:
  • Lin, Boqiang
  • Zhang, Zongyou

Abstract

The international energy market has been frequently impacted by extreme events over the years, leading to significant fluctuations in energy-related markets. This has posed great challenges for China's transition towards green energy. Previous literature has extensively explored various aspects of energy markets and their associated risks, yet the specific investigation into the extreme spillover among China's green finance, energy, and energy metals markets under different market conditions remains an area that demands further examination. Using daily data from January 2016 to December 2023, the study adopts a QVAR-based connectedness method to investigate the extreme spillover among China's green finance, energy, and energy metals markets. The findings reveal that: (1) Total spillovers vary over time and extreme market conditions exhibit higher total spillovers than normal market conditions. (2) The clean energy market consistently serves as a transmitter while the green finance and coal markets act as receivers. (3) During transitions from normal to extreme market conditions, energy metals shift from being risk takers to risk transmitters. These study results have important implications for policymakers seeking a holistic comprehension of risk contagion across energy and energy-related markets during China's energy transition.

Suggested Citation

  • Lin, Boqiang & Zhang, Zongyou, 2025. "Extreme spillovers among green finance, energy, and energy metals markets in China: Evidence under the dilemma of energy transition," Renewable Energy, Elsevier, vol. 241(C).
    • Handle: RePEc:eee:renene:v:241:y:2025:i:c:s0960148125000655
    DOI: 10.1016/j.renene.2025.122403
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148125000655
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2025.122403?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:241:y:2025:i:c:s0960148125000655. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.