Can a boost in oil prices suspend the evolution of the green transportation market? Relationships between green indices and Brent oil
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F44994575%3A_____%2F24%3A10001758" target="_blank" >RIV/44994575:_____/24:10001758 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0360544224008090" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0360544224008090</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.energy.2024.131037" target="_blank" >10.1016/j.energy.2024.131037</a>
Alternative languages
Result language
angličtina
Original language name
Can a boost in oil prices suspend the evolution of the green transportation market? Relationships between green indices and Brent oil
Original language description
The research aims to answer whether the increases in oil prices can hinder the development of the alternative fuels market and green transportation modes. On the one hand, the growing oil prices encourage individuals to choose alternative transport modes. Conversely, the boosts in oil prices attract investors to the oil market instead of alternative fuels. We analyse the relationships between oil and green indices related to widely-understood transport during the period from 2018 to 2022. We investigate factors that affect these relationships, distinguishing between fundamentals and speculation. We discover that the fundamental factors are crucial in shaping the correlation between Brent and green indices. In two of the three analysed cases, the correlation was constantly positive during the studied period, which means that the indices grew together with Brent prices. We show that the effect of increasing oil prices can be twofold - depending on the origin of the change. It can contribute to the interest in alternative transport growth if it results from oil demand shocks driven by economic activity. However, a boost in oil prices following positive oil consumption demand shocks or expectations about the increases of future oil prices can cause capital outflow from the alternative transportation market.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
10511 - Environmental sciences (social aspects to be 5.7)
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
ENERGY
ISSN
0360-5442
e-ISSN
1873-6785
Volume of the periodical
2024
Issue of the periodical within the volume
295
Country of publishing house
GB - UNITED KINGDOM
Number of pages
15
Pages from-to
1-15
UT code for WoS article
001224124800001
EID of the result in the Scopus database
2-s2.0-85189000057