Research Cluster: Climate Change, Financial Markets and Macroeconomics

Collage of several images Photo: tippapatt-stock.adobe

This cluster investigates the interdependencies between climate change, macroeconomic developments and financial markets. Its focus is on the macroeconomic challenges of climate change and the complementary roles of financial markets and technologies for sustainable economic development.

  • Integrating the EU ETS with energy and commodity markets
  • Modeling European CO2 emissions
  • Oil prices and exchange rates
  • Price determination and volatility on financial markets in the context of emission certificates and energy prices
  • Transition risk premiums in option prices
  • Legacy hypotheses in the field of finance
  • Sustainability flags for structured products

  • Rogmann, J., Beckmann, J., Gaschler, R. & Landmann H. (2024): Media Sentiment Emotions and Consumer Energy Prices. Energy Economics, 130, 107278,
  • Beckmann, J. & Rogmann, J. (2024). Determinants and Effects of Country ESG Controversy. Energy Economics, in print.
  • Baule, R., & Naumann, M. (2022). Flexible Short-Term Electricity Certificates—An Analysis of Trading Strategies on the Continuous Intraday Market. Energies, 15(17), 6344.
  • Kerkemeier, M., & Kruse-Becher, R. (2022). Join the club! Dynamics of global ESG indices convergence. Finance Research Letters, 49, 103085.
  • Baule, R., & Naumann, M. (2021). Volatility and dispersion of hourly electricity contracts on the german continuous intraday market. Energies, 14(22), 7531.
  • Kruse, R., & Wegener, C. (2020). Time-varying persistence in real oil prices and its determinant. Energy Economics, 85, 104328.
  • Beckmann, J. & Czudaj, R. (2020). The relationship between oil prices and exchange rates: Revisiting theory and evidence. Energy Economics, 88(c).

  • Oil Prices and Exchange Rates (Elsevier)

Prof. Dr. Joscha Beckmann Photo: Photo: Volker Wiciok

Prof. Dr. Joscha Beckmann

Cluster Spokesperson

Email: joscha.beckmann

Phone: +49 2331 987-4845

E/E/S Research Center | 10.05.2024