Momentum in Low Carbon and Fossil Fuel Free Equity Investing

نویسندگان

چکیده

The Conference of the Parties to United Nations Framework Convention on Climate Change (COP27) reiterated that climate change remains a critical issue for humanity. Especially, it stressed need encourage clean energy mix, including renewable and low-emission energies, as part continuing transition toward cleaner sustainable energy. Using daily indices data covering period 1st January 2017 28th February 2023, this paper studies performance 2 family classes among sustainability indices, namely, low carbon fossil fuel free indices. Specifically, study sheds further light by assessing trading strategies which are based momentum fossil-fuel is thorough analysis Relative Strength Index (RSI) captured through Sharpe per trade measures. We decompose into pre post COVID-19 provide some insights how these investments were impacted coronavirus pandemic. Findings support an adjusted overbought/oversold RSI 75(25) model resulted in less false signals than traditional 70 (30) model. period, all selected equity performed poorly pre- with negative returns, except MSCI World Low Carbon Leaders SPDR Emerging Markets Fossil Fuel Free Comparatively, witnessed superior return performance, also increased risk levels. index ranked first, even after adjusting number trades. Investments early impact better naive buy-and-hold strategy greener like

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Downside risks in EU carbon and fossil fuel markets

The European Union carbon market is undergoing rapid development and its interdependence with fossil fuel markets is increasingly important for energy investors. In this study, exponential general autoregressive conditional heteroskedastic models, extreme value theory and copulas are used to evaluate downside risk through the traditional value-at-risk and expected shortfall measurements. Empiri...

متن کامل

Carbon Capture and Storage from Fossil Fuel Use

Glossary Carbon sequestration: capture and secure storage of carbon that would otherwise be emitted to or remain in the atmosphere. Carbon sources: for this chapter, we are concerned with large stationary sources of CO2, e.g. fossil fueled power plants, cement manufacturing, ammonia production, iron and non-ferrous metal smelters, industrial boilers, refineries, natural gas wells. Carbon captur...

متن کامل

Cumulative emissions, unburnable fossil fuel, and the optimal carbon tax

a Department of Economics, Manor Road Building, Oxford OX1 3 UQ, UK b St. Petersburg State University, 7/9 Universitetskaya nab., St. Petersburg 199034, Russia c VU University Amsterdam, De Boelelaan 1105, 1081 HV Amsterdam, The Netherlands d Institute for Ecological Economics, Welthandelsplatz 1, 1020 Vienna, Austria e WIIW Vienna Institute for International Economic Studies, Rahlgasse 3, 1060...

متن کامل

Carbon Capture by Fossil Fuel Power Plants: An Economic Analysis

For fossil fuel power plants to be built in the future, carbon capture and storage (CCS) technologies offer the potential for significant reductions in CO2 emissions. We examine the break-even value for CCS adoptions, that is, the critical value in the charge for CO2 emissions that would justify investment in CCS capabilities. Our analysis takes explicitly into account that the supply of electr...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: International Journal of Energy Economics and Policy

سال: 2023

ISSN: ['2146-4553']

DOI: https://doi.org/10.32479/ijeep.14342