How do the stock prices of new energy and fossil fuel companies correlate? Evidence from China

Wen, Xiaoqian; Guo, Yanfeng; Wei, Yu; Huang, Dengshi

doi:10.1016/j.eneco.2013.10.018

Cited by 164 publications

(58 citation statements)

References 48 publications

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“…Managi and Okimoto (2013) study the WilderHill clean energy index and its relationship to the oil price, and find a significant relationship between renewable energy stocks and the oil price. Others find that fossil fuel and renewables are viewed as competing assets (Wen, Guo, Wei, & Huang, 2014). Another finding from the literature is that technology stocks correlate with renewable energy stocks.…”

Section: Literature Reviewmentioning

confidence: 99%

Does sustainability pay off? A multi-factor analysis on regional DJSI and renewable stock indices

Sokolovska

Kešeljević

2019

Economic Research-Ekonomska Istraživanja

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The private sector arguably plays a greater role in sustainability transitions through private investment. The authors apply the four-and five-factor Fama-French models to the Dow Jones Sustainability Index (DJSI) and a range of renewable energy indices to evaluate the financial attractiveness of sustainability in general, relative to alternative investments. They find both overperformance and underperformance in the regional DJSIs over the period 2006-2016. In contrast, renewable energy indices have high betas and negative alphas, which makes them financially unattractive. These results imply the need for public support in sustainability transitions, as high risk and low return deter private investment.

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Section: Literature Reviewmentioning

confidence: 99%

Does sustainability pay off? A multi-factor analysis on regional DJSI and renewable stock indices

Sokolovska

Kešeljević

2019

Economic Research-Ekonomska Istraživanja

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“…Uranium contributed to fulfilling 2.4% of China's total electricity demand of 5.5 trillion kWh in 2014 (Zhang et al, 2016). Nuclear power generation was 3% of the total power generation in China in 2015, however it could reach 10% in 2030 according to Production capacity of uranium in China is now relatively low due to poor ore grades leading to a high level of dependency of uranium imports for the country's nuclear industry (Zhou et al, 2011;Wen et al, 2014).…”

Section: Uranium Production and Consumption Datamentioning

confidence: 99%

The current state and future directions of percolation leaching in the Chinese mining industry: Challenges and opportunities

Ilankoon

Tang

Ghorbani

et al. 2018

Minerals Engineering

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China is one of the most rapidly growing economies in the world and this growth is underpinned by growing demand for natural resources to meet base and precious metals and energy requirements. Even though China is currently the largest producer of several mined commodities, such as gold and the rare earth elements, meeting the future demands for metal consumption will require China to either develop new mining projects or increase material imports. In terms of nuclear energy requirements the country still depends on uranium imports. To meet this growth in Chinese demand, there has been a strong interest in technologies suited for mining and processing of low grade ore bodies. Percolation leaching methods have been very effective in extracting metals from low grade ores, which could not otherwise be economically extracted. Percolation leaching techniques, such as heap leaching, dump leaching, bio-leaching and in-situ leaching have been extensively employed in the Chinese mining industry in recent decades to primarily extract gold, copper, rare earth elements and uranium. This paper discusses the application of various percolation leaching techniques in the Chinese mining industry and offers a scientific and extensive literature overview on technology developments in commercial percolation leaching operations in China. It also presents the current challenges of percolation leaching and recent technological and research developments and regulatory frameworks pertaining to the application of percolation leaching in China. The future directions of percolation leaching in the Chinese mining industry will also be presented to extract the low grade natural resources both economically and in an environmentally sustainable manner.

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“…Wen et al . () note that to ensure energy security, control carbon dioxide emissions and maintain economic growth, policymakers in China have focused policy on investigating new energy sources (nuclear and renewable energy) as an offset to oil, coal and natural gas, particularly since the release of the 11th 5‐year plan in 2006. Geng and Ji () discuss energy policies designed to increase China's energy supply security, including energy price reform to improve energy use, investment in research and development, clean energy and power grid infrastructure and strategic reserves.…”

Section: Literature Reviewmentioning

confidence: 99%

Oil shocks, policy uncertainty and stock returns in China

2015

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This paper examines the interdependence of China's policy uncertainty, the global oil market and stock market returns in China. A structural VAR model is estimated that shows that a positive shock to economic policy uncertainty in China has a delayed negative effect on global oil production, real oil prices and real stock market returns. Shocks to oil market-specific demand significantly raise China's economic policy uncertainty and reduce the real stock market returns. As measured by a spillover index, the interdependence between these variables has been rising since 2003 as China's influence in the oil market has increased. An equivalent spillover index calculated for the US is smaller and has been largely flat over time.JEL classifications: E44, G15, P40, Q43.

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How do the stock prices of new energy and fossil fuel companies correlate? Evidence from China

Cited by 164 publications

References 48 publications

Does sustainability pay off? A multi-factor analysis on regional DJSI and renewable stock indices

Does sustainability pay off? A multi-factor analysis on regional DJSI and renewable stock indices

The current state and future directions of percolation leaching in the Chinese mining industry: Challenges and opportunities

Oil shocks, policy uncertainty and stock returns in China

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