FOSİL YAKIT ENDEKS FİYATLARININ YENİLENEBİLİR ENERJİ HİSSE ENDEKS FİYATLARI ÜZERİNDEKİ ETKİSİ: ERIX ÖRNEĞİ

Yıl 2024, Sayı: 104, 115 - 138, 16.10.2024

Şifa Kırhasanoğlu , Murat Özdemir

https://doi.org/10.25095/mufad.1464037

Öz

Sürdürülebilir enerjiye doğru devam eden küresel değişimde, geleneksel fosil yakıtlar ile yeni ortaya çıkan yenilenebilir enerji kaynakları arasındaki ilişki yoğun ilgi gören bir konudur. Küresel enerji ortamı, geleneksel fosil yakıt kaynakları ile gelişen yenilenebilir enerji alternatifleri arasındaki etkileşimin sadece ekonomik dinamikleri değil aynı zamanda çevresel sürdürülebilirliği de şekillendirdiği kritik bir kavşakta durmaktadır. Bu dinamik ortamda finansal piyasalar, fosil yakıt ve yenilenebilir enerji sektörleri arasındaki karmaşık ilişkiyi yansıtan bir barometre görevi görmektedir. Bu çalışma, geleneksel enerji piyasasının sağlığının önemli bir göstergesi olan fosil yakıt endeks fiyatlarındaki dalgalanmaların yenilenebilir enerji hisse senedi endekslerinin performansını nasıl etkilediğini araştırmaktadır. Bu bağlamda çalışmada Avrupa Yenilenebilir Enerji Endeksi (ERIX) ile Fosil Yakıt Endeks Fiyatları arasında bir ilişki olup olmadığının tespit edilmesi amaçlanmıştır. 2018-2023 yılları arası günlük verilerin kullanıldığı çalışmada analiz yöntemi olarak VAR modeli kullanılmıştır. Çalışma sonucunda ERIX üzerinde sadece Rotterdam Kömür (ARA) endeksinin etkili olduğu, diğer endekslerin ise bir etkisinin olmadığı tespit edilmiştir.

Anahtar Kelimeler

Sürdürülebilir Enerji, ERIX, Fosil Yakıtlar, VAR

Etik Beyan

Çalışmada ikincil veriler kullanılmış olup çalışmanın etik kurul izni gerektirmeyen çalışmalar arasında yer aldığını beyan ederiz.

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