Asymmetric relationship between climate policy uncertainty and energy metals: Evidence from cross-quantilogram

Sitara Karim; Muhammad Abubakr Naeem; Muhammad Shafiullah; Brian M. Lucey; Sania Ashraf

doi:10.1016/j.frl.2023.103728

Asymmetric relationship between climate policy uncertainty and energy metals: Evidence from cross-quantilogram

Sitara Karim, Muhammad Abubakr Naeem, Muhammad Shafiullah, Brian M. Lucey, Sania Ashraf

Economics and Finance - (CBE)

Research output: Contribution to journal › Article › peer-review

60 Citations (Scopus)

Abstract

Climate policy uncertainty is a widely used measure of climate risk based on policy fronts. On the other hand, energy metals offer avenues for the use of clean, green, and sustainable energy to combat the environmental hazards and reduce carbon footprint. Following this, the current study aims to investigate the relationship between climate policy uncertainty and energy metals through a novel technique of cross-quantilogram. The study finds a pronounced relationship between climate policy uncertainty and energy metals in terms of reducing carbon emissions. We also report diversification benefits of energy metals given the larger lags. We deduced useful insights for practitioners, investors, and scholars.

Original language	English
Article number	103728
Journal	Finance Research Letters
Volume	54
DOIs	https://doi.org/10.1016/j.frl.2023.103728
Publication status	Published - Jun 2023

Keywords

Carbon footprint
Climate policy uncertainty
Cross-quantilogram
Energy metals

ASJC Scopus subject areas

Finance

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.frl.2023.103728

Cite this

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title = "Asymmetric relationship between climate policy uncertainty and energy metals: Evidence from cross-quantilogram",

abstract = "Climate policy uncertainty is a widely used measure of climate risk based on policy fronts. On the other hand, energy metals offer avenues for the use of clean, green, and sustainable energy to combat the environmental hazards and reduce carbon footprint. Following this, the current study aims to investigate the relationship between climate policy uncertainty and energy metals through a novel technique of cross-quantilogram. The study finds a pronounced relationship between climate policy uncertainty and energy metals in terms of reducing carbon emissions. We also report diversification benefits of energy metals given the larger lags. We deduced useful insights for practitioners, investors, and scholars.",

keywords = "Carbon footprint, Climate policy uncertainty, Cross-quantilogram, Energy metals",

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year = "2023",

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language = "English",

volume = "54",

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T1 - Asymmetric relationship between climate policy uncertainty and energy metals

T2 - Evidence from cross-quantilogram

AU - Karim, Sitara

AU - Naeem, Muhammad Abubakr

AU - Shafiullah, Muhammad

AU - Lucey, Brian M.

AU - Ashraf, Sania

PY - 2023/6

Y1 - 2023/6

N2 - Climate policy uncertainty is a widely used measure of climate risk based on policy fronts. On the other hand, energy metals offer avenues for the use of clean, green, and sustainable energy to combat the environmental hazards and reduce carbon footprint. Following this, the current study aims to investigate the relationship between climate policy uncertainty and energy metals through a novel technique of cross-quantilogram. The study finds a pronounced relationship between climate policy uncertainty and energy metals in terms of reducing carbon emissions. We also report diversification benefits of energy metals given the larger lags. We deduced useful insights for practitioners, investors, and scholars.

AB - Climate policy uncertainty is a widely used measure of climate risk based on policy fronts. On the other hand, energy metals offer avenues for the use of clean, green, and sustainable energy to combat the environmental hazards and reduce carbon footprint. Following this, the current study aims to investigate the relationship between climate policy uncertainty and energy metals through a novel technique of cross-quantilogram. The study finds a pronounced relationship between climate policy uncertainty and energy metals in terms of reducing carbon emissions. We also report diversification benefits of energy metals given the larger lags. We deduced useful insights for practitioners, investors, and scholars.

KW - Carbon footprint

KW - Climate policy uncertainty

KW - Cross-quantilogram

KW - Energy metals

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Asymmetric relationship between climate policy uncertainty and energy metals: Evidence from cross-quantilogram

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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