Strength in Transition: Resilience of Sustainable Energy vs. Fossil Energy.
Strength in Transition: Resilience of Sustainable Energy vs. Fossil Energy.

Author(s): Rui Dias, Mariana Chambino, Paulo Alexandre
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Sustainability; Clean energy; Dirty energy; Dependency
Summary/Abstract: Promoting clean energy sources necessitates global cooperation through cross-border collaboration, knowledge sharing, and resource allocation. A global imperative exists to transition towards a cleaner, sustainable energy mix to combat climate change and maintain environmental equilibrium. This study assesses the influence of fossil energy prices (Brent Crude Spot, WTI, FTSE 350 Oil, Gas & Coal, EURO STOXX Oil & Gas) on sustainable energy prices (Geothermal Index, Solar Energy Index, NASDAQ OMX Bio Clean Fuels Index, Wind Energy Index, WilderHill Clean Energy Index) in both stable and turbulent market conditions. This study suggests that sustainability and innovation in green energy significantly impact fossil fuel-related indexes. During challenging periods, sustainable energy markets gain prominence, while “dirty” energy indexes exhibit varying degrees of influence. Remarkably, the WilderHill Clean Energy Index plays a central role in shaping both fossil fuel and sustainable energy indexes. These findings underscore the growing trend towards greener and more sustainable investments, emphasizing sustainability’s substantial sway over financial markets.

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