Scopus İndeksli Yayınlar Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12573/395
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Article Citation - WoS: 147Citation - Scopus: 159Investigating the Spillovers and Connectedness Between Green Finance and Renewable Energy Sources(Pergamon-Elsevier Science Ltd, 2022-09) Dogan, Eyup; Madaleno, Mara; Taskin, Dilvin; Tzeremes, PanayiotisAlthough a few studies have analyzed the nexus of renewable energy and green finance, the literature lacks the use of renewable energy by sources. The other major failure is that it uses only annual and small data. Therefore, this study investigates the connectedness and spillovers relationship between green finance and five types of renewable energy (biofuels, fuel cell, geothermal, solar, and wind) by applying the novel TVP-VAR method of Balcilar et al. [1] to the daily indexes from July 31, 2014, to Feb 4, 2022. The results show that dynamic connectedness, both total and pairwise, is heterogeneous over time and influenced by economic events. Furthermore, wind is found to be the largest transmitter of shocks to green finance, followed by biofuels, while both fuel cell and geothermal receive the least shocks. The findings suggest that green finance is mostly a net receiver of shocks from renewable energy sources and that wind has been a net receiver of shocks during the COVID-19 pandemic. A high interconnectedness between the indexes highlights the safe-haven property for diversification purposes of green finance. Our results are important for energy policymakers, those responsible for the implementation of environmental policies, individual investors, and portfolio managers, while also shedding light on the achievement of COP26 goals.Article Citation - WoS: 165Citation - Scopus: 176Factors Affecting Co2 Emissions in Top Countries on Renewable Energies: A LMDI Decomposition Application(Pergamon-Elsevier Science Ltd, 2018-07) Moutinho, Victor; Madaleno, Mara; Inglesi-Lotz, Roula; Dogan, EyupThis study breaks down carbon emissions into six effects considering the current Top 23 countries group on renewable energies, afterwards divided into two different groups (the TOP countries in Europe and the remaining group entering into the Top 23 countries included in the category Rest of the World). It analyses the effects evolution using a larger available data span that runs from 1985 until 2011, to determine which of the effects had more impact over changes of CO2 emissions. The complete additive decomposition technique was used to examine carbon dioxide (CO2) emissions and its components. Moreover, it is performed a comparative analysis to contrast their performance, and a decoupling analysis is presented. For the 1985-2011 period results point for different positive and negative impacts in the behavioral change of CO2 emissions throughout Europe as compared to the Rest of the World. Moreover, the productivity of renewable sources and the financial development effect in renewable electricity generation per GDP are the main responsible for the total and negative changes of CO2 emissions in the last decade; whereas an increase in total changes of emissions are observed due to the fossil fuel energy consumption effect. The multiplicative cross effect, into these two important effects in CO2 emissions decomposed, indicate an aggregate proxy effect of the energy technology level of a country's economy.Article Citation - WoS: 46Citation - Scopus: 54Analyzing the Relationship Between Energy Efficiency and Environmental and Financial Variables: A Way Towards Sustainable Development(Pergamon-Elsevier Science Ltd, 2022-08) Taskin, Dilvin; Dogan, Eyup; Madaleno, MaraThe literature has mainly relied on an annual and short span of data to analyze the relationship between energy, environmental and financial indicators. This study analyzes the relationship between energy efficiency, energy research, pollution mitigation, and FinTech by applying two novel methods-the causality test in the frequency domain [11] and the causality test in the time domain (Shi et al., 2018; 2020) on the daily data from June 17, 2016 to November 16, 2021. Empirical results from the frequency domain test report that pollution mitigation temporarily causes energy efficiency only in the short run while energy efficiency Granger causes it in the short, medium, and long run. Furthermore, energy efficiency can predict FinTech in the short, medium, and long-run; on the other way, FinTech Granger causes energy efficiency in the long and medium run, suggesting a permanent causality relationship. Empirical results from the time-varying test show a bidirectional relationship between energy efficiency, and environmental and financial variables, especially with very high significant episodes around the recent pandemic collapse. Policymakers should promote the launch of financial technologies that will provide finance through green bonds for energy efficiency improvements as well as energy efficiency improvements for pollution mitigation. Further policy implications are discussed in the study.(c) 2022 Elsevier Ltd. All rights reserved.