Template-Type: ReDIF-Article 1.0 
Author-Name: Kazeem Isah
Author-Name: Adedapo Odebode
Author-Name: Oluwafemi Ogunjemilua
Author-Email:  kzamboja@yahoo.com
Author-Workplace-Name:  School of Accounting, Economics and Finance, University of KwaZulu-Natal (UKZN), South Africa
Title: Does Climate Risk Amplify Oil Market Volatility?
Abstract:  Motivated by the increasing evidence of oil price-related transition risk from climate change, we employ the classic GARCH (1,1) and its extended variant (GARCH-X) to identify the degree of oil market volatility that is due to climate risk. We find that climate risk increases the persistence of volatility in the oil markets.
Classification-JEL:  D81 ,F37 ,G17
Keywords:  Climate risk, Oil market volatility, GARCH, GARCH-X
Journal:  Energy RESEARCH LETTERS
Pages: 1-5
Volume: 4
Issue: 2
Year:  2023
DOI:  2023/06/13
File-URL:  https://erl.scholasticahq.com/api/v1/articles/73219-does-climate-risk-amplify-oil-market-volatility.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnerl:77