Dynamic relationships among green bonds, CO2 emissions, and oil prices

Green bonds play a pivotal role in the financing of sustainable infrastructure systems. Likewise, CO 2 emissions and oil prices can cause an impact on green market. In order to better understand this issue, study analyzes relationship among bonds, futures’ prices, using daily data set that includes 2,206 observations corresponding information from 1 January 2014 15 June 2022. The Granger Causality Test Dynamic Conditional Correlation (DCC-Garch) Model were employed conduct analysis. Furthermore, sensitivity analysis was performed identify crisis periods concerning sample period provide DCC-Garch results during extreme market conditions like COVID-19 pandemic Russian invasion Ukraine. present unidirectional causality running Bond Index price returns. Also, there is Additionally, runs returns for indicate positive dynamic correlation between Brent return Finally, shows negative presenting strong uncertainty periods.