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The environmental impact of stock market capitalization and energy transition: Natural resource dynamics and international trade

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  • Liang, Yunbao
  • Galiano, Jesus Cantero
  • Zhou, Hongxia

Abstract

This paper examines the effect of stock market capitalization and energy transition on the environment between 1994 and 2020, considering the roles of economic growth, natural resources, and international trade in Asian countries. The results indicate that stock market capitalization, energy transition, and natural resources reduce CO2 emissions. International trade and economic growth are positively associated with CO2 emissions. There is a suggestion that the government should encourage companies to determine the material business risks they face. Aside from traditional risks related to operations, technology, and the market, climate change-related risks should likewise be considered significant.

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  • Liang, Yunbao & Galiano, Jesus Cantero & Zhou, Hongxia, 2023. "The environmental impact of stock market capitalization and energy transition: Natural resource dynamics and international trade," Utilities Policy, Elsevier, vol. 82(C).
    • Handle: RePEc:eee:juipol:v:82:y:2023:i:c:s0957178723000292
    DOI: 10.1016/j.jup.2023.101517
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