The impact of geopolitical risks on clean energy mineral prices: Does the Russia-Ukrainian war matter?

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dc.authoridCevik, Emrah Ismail/0000-0002-8155-1597
dc.contributor.authorPata, Ugur Korkut
dc.contributor.authorCevik, Emrah Ismail
dc.contributor.authorDestek, Mehmet Akif
dc.contributor.authorDibooglu, Sel
dc.contributor.authorBugan, Mehmet Fatih
dc.date.accessioned2024-10-29T17:58:36Z
dc.date.available2024-10-29T17:58:36Z
dc.date.issued2024
dc.departmentTekirdağ Namık Kemal Üniversitesi
dc.description.abstractThe transition to a low-carbon economy requires a steady and secure supply of minerals, which are susceptible to international tensions. In particular, the coronavirus pandemic in 2019 and the Russia-Ukraine conflict in 2022 are two novel shocks affecting the clean energy market. Measuring the impact of increasing geopolitical risks due to these shocks on the clean energy sector is critical to the future of sustainable development. In this framework, this study uses wavelet coherence analysis and time-varying parameter VAR methods to examine the impact of geopolitical risks on the prices of aluminum, copper, lead, zinc, cobalt, and nickel from January 1992 to August 2022. The results show that mineral prices decreased during the COVID-19 period and increased after the Russia-Ukraine conflict. The results also indicate that global geopolitical risk has a moderating effect on the prices of copper, aluminum, cobalt, and zinc, while geopolitical risk associated with Russia increases the prices of all minerals except cobalt. These results imply that the problems in Russia destabilize the prices of mineral commodities used in the renewable energy market, while the global geopolitical risks do not pose serious problems. Therefore, the Russian-Ukrainian conflict should be resolved in order to use clean energy minerals more effectively.
dc.identifier.doi10.1080/15435075.2023.2295867
dc.identifier.endpage2116
dc.identifier.issn1543-5075
dc.identifier.issn1543-5083
dc.identifier.issue9en_US
dc.identifier.scopus2-s2.0-85179953045
dc.identifier.scopusqualityQ2
dc.identifier.startpage2102
dc.identifier.urihttps://doi.org/10.1080/15435075.2023.2295867
dc.identifier.urihttps://hdl.handle.net/20.500.11776/14415
dc.identifier.volume21
dc.identifier.wosWOS:001126916400001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherTaylor & Francis Inc
dc.relation.ispartofInternational Journal of Green Energy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectMineral prices
dc.subjectgeopolitical risks
dc.subjectrenewable energy market
dc.subjectwavelet transform
dc.subjectTVP-VAR model
dc.titleThe impact of geopolitical risks on clean energy mineral prices: Does the Russia-Ukrainian war matter?
dc.typeArticle

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