Strength in Transition: Resilience of Sustainable Energy vs. Fossil Energy

Rui Dias – Polytechnic Institute of Setúbal, ESCE, Portugal

Mariana Chambino –Polytechnic Institute of Setúbal, ESCE, Portugal

Paulo Alexandre – Polytechnic Institute of Setúbal, ESCE, Portugal

Abstract: Promoting clean energy sources necessitates global cooperation through cross-border collaboration, knowledge sharing, and resource alloca­tion. A global imperative exists to transition towards a cleaner, sustainable en­ergy mix to combat climate change and maintain environmental equilibrium. This study assesses the influence of fossil energy prices (Brent Crude Spot, WTI, FTSE 350 Oil, Gas & Coal, EURO STOXX Oil & Gas) on sustainable energy prices (Geothermal Index, Solar Energy Index, NASDAQ OMX Bio Clean Fuels Index, Wind Energy Index, WilderHill Clean Energy Index) in both stable and turbu­lent market conditions. This study suggests that sustainability and innovation in green energy significantly impact fossil fuel-related indexes. During chal­lenging periods, sustainable energy markets gain prominence, while “dirty” energy indexes exhibit varying degrees of influence. Remarkably, the Wilder­Hill Clean Energy Index plays a central role in shaping both fossil fuel and sus­tainable energy indexes. These findings underscore the growing trend to­wards greener and more sustainable investments, emphasizing sustainabili­ty’s substantial sway over financial markets.

7th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2023 – Conference Proceedings, Hybrid (Faculty of Organization and Informatics Varaždin, University of Zagreb, Croatia), October 26, 2023

ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2023 Conference Proceedings: ISBN 978-86-80194-75-2, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

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