Akademik Veri Yönetim Sistemi
Springer Climate, Springer International Publishing Ag, ss.55-70, 2026
Renewable energy and sustainability issues, which have recently found an important place in literature, can lead to the emergence of many related issues. Green financeGreen finance and investment issues are among these related issues and are the subject of many theoretical and empirical studies. Especially the high cost of similar projects to be implemented against the use of fossil fuelsFossil fuels with green project investments makes the issue of green financeGreen finance and investment even more important. In this context, the research in question aims to test the link between the monthly S&P Global Clean Energy Transition IndexS&P Global Clean Energy Transition Index (CETI) price movements between May 2015 and March 2025 and the changes in Brent oil, carbon emissionsCarbon emissions, heating oil, natural gas prices, and Climate Policy Uncertainty (CPU)Climate Policy Uncertainty (CPU) developed in the Gavriilidis (2021) study. While the findings obtained because of the applied Johansen cointegration test indicate the existence of two statistically significant cointegration vectors between the variables, as a result of the findings of the DOLS and FMOLS estimators, a statistically significant and positive relationship was determined between the S&P Global Clean Energy Transition IndexS&P Global Clean Energy Transition Index (CETI) price movements and carbon emissionCarbon emissions and natural gas price movements. On the other hand, DOLS test results indicate a statistically significant and negative relationship between the S&P Global Clean Energy Transition Index (CETI) variable and the heating oil variable, while FMOLS test findings show that there is a negative relationship between the S&P Global Clean Energy Transition IndexS&P Global Clean Energy Transition Index (CETI) and the Climate Policy Uncertainty (CPU)Climate Policy Uncertainty (CPU) and heating oil variables.