期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2021
卷号：11
期号：3
页码：184-190
DOI：10.32479/ijeep.10899
出版社：EconJournals
其他摘要：The article examines the spillover effect of the transition to renewable energy on different financial markets: specifically, the stock market. The research paper analyzes the prices and dynamics of oil-related assets and renewable funds, as well as reviews literature on the topic in order to evaluate the most important factors of development in these industries. The article utilizes methods of correlation analysis, analysis of variance, regression analysis and standards of deviation and error with the intention to test null hypotheses from previous research. The study uses empirical data spanning the majority of the last decade, in which a decline in the oil market can be observed. This is juxtaposed by the rapid and intense development of renewable energy – solar energy in particular. As concluded in the article, there is a strong spillover effect of this growth onto other markets, emphasizing the investments flowing into renewable energy. Moreover, the ambitious prospects of renewable energy development and it being a strong competitor to fossil fuels and, specifically, oil is drawn as a result of the conducted research.
其他关键词：Spillover effect; solar energy; oil energy; transition; energy investments.
