Exploring the Green Bonds and Stock Markets’ Dependence Structures

Abstract

Using the copula method, this study explores the dependence structure that exists between the Clean Energy Market and the Stock Markets of industrialized countries. To determine the degree of dependence between the stock markets of the developed countries included in this study and the market for clean energy, this study was established. The results of the study indicate a relationship between stock markets and the market for clean energy supplies. According to the findings of this study, investors, policymakers, and financial analysts benefit from it in terms of investments, risk management, and future projections.