If you want strong stock market growth, invest in renewable energy.
Research from Griffith University and Jiangxi University, described as “the exact opposite of what we’ve been lead to believe”, shows there’s a positive correlation between renewables and the market – a potential boon for the economy as a whole.
The paper, called ‘The effects of stock market growth and renewable energy use on CO2 emissions’, was published in Energy Economics.
Dr Rakesh Gupta
Dr Rakesh Gupta from Griffith Business School said he was sceptical when the idea was first floated but “shocked” at the final results.
“We tested our findings and analysed different models to ensure it was, indeed, true.”
Dr Gupta said the implications for emerging economies were also significant, as it could potentially lead to more foreign direct investment.
“There’s a whole perception out there that investment in renewable energy hurts the economy and takes away jobs – but that’s simply not true.”
The paper
Skip to content
News and other stories about real people, places, and events in Mount Gravatt and nearby suburbs.