From Crisis to Connectivity: Unraveling Sustainable Energy Indexes

Rui Dias – Polytechnic Institute of Setúbal (ESCE/IPS), 2910-761 Setúbal, Portugal

Mariana Chambino – Polytechnic Institute of Setúbal (ESCE/IPS), 2910-761 Setúbal, Portugal

Paulo Alexandre – Polytechnic Institute of Setúbal (ESCE/IPS), 2910-761 Setúbal, Portugal

Rosa Galvão – Polytechnic Institute of Setúbal (ESCE/IPS), 2910-761 Setúbal, Portugal

Abstract: The pursuit of financing instruments aligned with the Sustain­able Development Goals (SDGs) is crucial for fostering sustainability in di­verse economic sectors. However, a significant gap exists in understanding the performance of green assets, posing challenges for investors and pol­icymakers. This study addresses this gap by examining the relationships among green energy indexes, including ISE Clean Edge Global Wind Energy, S&P Global Clean Energy, S&P TSX Renewable Energy and Clean Technolo­gy, and Solactive China Clean Energy, from January 2020 to October 2023. Findings reveal that ISE Clean Edge and S&P Global Clean Energy indexes serve as hedging assets, while S&P TSX provides coverage against specific risks. The Solactive China Clean Energy index, however, may not be suitable for hedging due to strong peer connectivity and a lack of long-term stability. In conclusion, effective alignment of sustainability goals with clean energy investment strategies requires careful consideration of asset characteristics and relationships, emphasizing diversification, and ongoing awareness of evolving dynamics for socially and environmentally responsible investors.

LIMEN Conference

9th International Scientific-Business Conference – LIMEN 2023 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (Graz University of Technology, Graz, Austria), December 7, 2023

LIMEN Conference Proceedings published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia

LIMEN Conference 2023 Conference Proceedings: ISBN 978-86-80194-78-3, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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