Spillover among biodiversity attention, climate policy uncertainty and global stock markets

Authors

Qiang JI, Institutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, China School of Public Policy and Management, University of Chinese Academy of Sciences, Beijing 100049, ChinaFollow

Document Type

Research-Article

Author

Dandan Ma, Qiang Ji, Dayong Zhang, Wanli Zhao

Journal Name

Finance Research Letters

Keywords

Biodiversity risk, Climate policy uncertainty, Financial markets, Spillovers

Abstract

This paper investigates the spillover effects among global climate policy uncertainty (GCPU), global biodiversity attention (GBA) and the stock markets of the G7 and BRICS nations. In the static network, GBA's spillover effects towards stock markets are mild, with the US market experiencing the highest net spillover, while GCPU shows a large and widespread effect on various stock markets. In the dynamic network, the results show the spillovers from GBA towards the US stock market and from GCPU towards various stock markets both increasing during international conferences related to climate change and biodiversity. © 2024 Elsevier Inc.

https://doi.org/10.1016/j.frl.2024.106627

Recommended Citation

JI, Qiang (2025) "Spillover among biodiversity attention, climate policy uncertainty and global stock markets," Double Helix Methodology: Vol. 6: Iss. 1, Article 10.
Available at: https://diis-mips.researchcommons.org/helix-content/vol6/iss1/10