Environmental transitions effect of renewable energy and fintech markets on Europe's real estate stock market

IF 9 1区工程技术 Q1 ENERGY & FUELS Renewable Energy Pub Date : 2025-02-04 DOI:10.1016/j.renene.2025.122603

Waheed Ullah Shah , Ijaz Younis , Ibtissem Missaoui , Xiyu Liu

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Abstract

This study explores volatility and the environmental transition effect of renewable energy and fintech markets on the European real estate market during the COVID-19 pandemic and the Russia-Ukraine conflict using the TVP-VAR connectedness approach. Overall, our study found strong connectedness between renewable energy, fintech, and European real estate stock markets in both crises from January 2019 to January 2024. During COVID-19, all renewable energy and European real estate markets are key net volatility spillover receivers; whereas fintech and other real estate markets are net spillover transmitters. In the Russia-Ukraine conflict, fintech, renewable energy, and the European real estate marketsare the prime net risk spillover receivers; whereas NEX and other real estate markets are net spillover transmitters. However, market returns further decreased in the Russia-Ukraine conflict compared to COVID-19. Our study provides significant and insightful policy implications for financial, digital, green, commercial, and residential real estate, and related industry stakeholders in Europe.

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来源期刊

Renewable Energy 工程技术-能源与燃料

CiteScore

18.40

自引率

9.20%

发文量

1955

审稿时长

6.6 months

期刊介绍： Renewable Energy journal is dedicated to advancing knowledge and disseminating insights on various topics and technologies within renewable energy systems and components. Our mission is to support researchers, engineers, economists, manufacturers, NGOs, associations, and societies in staying updated on new developments in their respective fields and applying alternative energy solutions to current practices. As an international, multidisciplinary journal in renewable energy engineering and research, we strive to be a premier peer-reviewed platform and a trusted source of original research and reviews in the field of renewable energy. Join us in our endeavor to drive innovation and progress in sustainable energy solutions.