{"title":"能源安全和向可再生资源的转变:俄罗斯-乌克兰战争案例","authors":"Huan Huu Nguyen, Phuc Van Nguyen, Vu Minh Ngo","doi":"10.1016/j.exis.2024.101442","DOIUrl":null,"url":null,"abstract":"<div><p>The performance of energy firms plays a crucial role in ensuring energy security, as it determines the availability and affordability of energy resources for a country, especially in the face of geopolitical crisis. This study explores the impact of economic sanctions imposed on Russia in early 2022 on energy stock returns in 57 countries, providing causal evidence on the relationship between major geopolitical events and energy security. Using advanced DiD methodology, the research found that nations heavily reliant on oil imports saw a significant increase in energy stock returns, suggesting no major issue of energy security in sanction-sender nations. Moreover, renewable energy companies experienced a greater rise in returns than non-renewable counterparts, indicating a potential shift towards renewables during times of geopolitical tension. These findings shed light on the intricate relationship between geopolitical events, market trends, and energy security policy, offering valuable insights for policymakers to navigate this complex landscape.</p></div>","PeriodicalId":47848,"journal":{"name":"Extractive Industries and Society-An International Journal","volume":null,"pages":null},"PeriodicalIF":3.6000,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Energy security and the shift to renewable resources: The case of Russia-Ukraine war\",\"authors\":\"Huan Huu Nguyen, Phuc Van Nguyen, Vu Minh Ngo\",\"doi\":\"10.1016/j.exis.2024.101442\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>The performance of energy firms plays a crucial role in ensuring energy security, as it determines the availability and affordability of energy resources for a country, especially in the face of geopolitical crisis. This study explores the impact of economic sanctions imposed on Russia in early 2022 on energy stock returns in 57 countries, providing causal evidence on the relationship between major geopolitical events and energy security. Using advanced DiD methodology, the research found that nations heavily reliant on oil imports saw a significant increase in energy stock returns, suggesting no major issue of energy security in sanction-sender nations. Moreover, renewable energy companies experienced a greater rise in returns than non-renewable counterparts, indicating a potential shift towards renewables during times of geopolitical tension. These findings shed light on the intricate relationship between geopolitical events, market trends, and energy security policy, offering valuable insights for policymakers to navigate this complex landscape.</p></div>\",\"PeriodicalId\":47848,\"journal\":{\"name\":\"Extractive Industries and Society-An International Journal\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":3.6000,\"publicationDate\":\"2024-02-26\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Extractive Industries and Society-An International Journal\",\"FirstCategoryId\":\"90\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S2214790X24000406\",\"RegionNum\":2,\"RegionCategory\":\"社会学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ENVIRONMENTAL STUDIES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Extractive Industries and Society-An International Journal","FirstCategoryId":"90","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2214790X24000406","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 0
摘要
能源公司的业绩在确保能源安全方面起着至关重要的作用,因为它决定了一个国家能源资源的可用性和可负担性,尤其是在面临地缘政治危机时。本研究探讨了 2022 年初对俄罗斯实施的经济制裁对 57 个国家能源股票回报率的影响,为重大地缘政治事件与能源安全之间的关系提供了因果证据。研究采用先进的 DiD 方法,发现严重依赖石油进口的国家的能源股票回报率显著上升,这表明制裁实施国的能源安全没有出现重大问题。此外,与不可再生能源公司相比,可再生能源公司的回报率上升幅度更大,这表明在地缘政治紧张时期,可再生能源公司可能会转向可再生能源。这些发现揭示了地缘政治事件、市场趋势和能源安全政策之间错综复杂的关系,为决策者驾驭这一复杂局面提供了宝贵的见解。
Energy security and the shift to renewable resources: The case of Russia-Ukraine war
The performance of energy firms plays a crucial role in ensuring energy security, as it determines the availability and affordability of energy resources for a country, especially in the face of geopolitical crisis. This study explores the impact of economic sanctions imposed on Russia in early 2022 on energy stock returns in 57 countries, providing causal evidence on the relationship between major geopolitical events and energy security. Using advanced DiD methodology, the research found that nations heavily reliant on oil imports saw a significant increase in energy stock returns, suggesting no major issue of energy security in sanction-sender nations. Moreover, renewable energy companies experienced a greater rise in returns than non-renewable counterparts, indicating a potential shift towards renewables during times of geopolitical tension. These findings shed light on the intricate relationship between geopolitical events, market trends, and energy security policy, offering valuable insights for policymakers to navigate this complex landscape.