Abstract
Recent discussions of energy security and climate change have attracted significant attention to clean energy. We hypothesize that rising prices of conventional energy and/or placement of a price on carbon emissions would encourage investments in clean energy firms. The data from three clean energy indices show that oil prices and technology stock prices separately affect the stock prices of clean energy firms. However, the data fail to demonstrate a significant relationship between carbon prices and the stock prices of the firms.
Original language | English |
---|---|
Pages (from-to) | 215-226 |
Number of pages | 12 |
Journal | Energy Economics |
Volume | 34 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2012 Jan |
Externally published | Yes |
Keywords
- Carbon price
- Clean energy
- Oil price
- Stock prices
ASJC Scopus subject areas
- Economics and Econometrics
- Energy(all)