Strength in Transition: Resilience of Sustainable Energy vs . Fossil Energy
2023
Dias, Rui (https://orcid.org/0000-0002-6138-3098) | Chambino, Mariana (https://orcid.org/0000-0002-9444-3333) | Alexandre, Paulo (https://orcid.org/0000-0003-1781-7036)
Promoting clean energy sources necessitates global cooperation through cross-border collaboration, knowledge sharing, and resource alloca tion. A global imperative exists to transition towards a cleaner, sustainable en ergy mix to combat climate change and maintain environmental equilibrium. This study assesses the influence of fossil energy prices (Brent Crude Spot, WTI, FTSE 350 Oil, Gas & Coal, EURO STOXX Oil & Gas) on sustainable energy prices (Geothermal Index, Solar Energy Index, NASDAQ OMX Bio Clean Fuels Index, Wind Energy Index, WilderHill Clean Energy Index) in both stable and turbu lent market conditions. This study suggests that sustainability and innovation in green energy significantly impact fossil fuel-related indexes. During chal lenging periods, sustainable energy markets gain prominence, while “dirty” energy indexes exhibit varying degrees of influence. Remarkably, the Wilder Hill Clean Energy Index plays a central role in shaping both fossil fuel and sus tainable energy indexes. These findings underscore the growing trend to wards greener and more sustainable investments, emphasizing sustainabili ty’s substantial sway over financial markets.
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Bibliographic information
Publisher Association of Economists and Managers of the Balkans, Belgrade (Serbia)
This bibliographic record has been provided by Matica Srpska Library