Arab Monetary Fund issues a study on " Assessing the Association between the Global Carbon Futures Index and the Stock Markets' Return and Volatility in Selected Arab Countries"
The study discusses:
Reducing Emissions through Carbon Certificates Trading Innovation
Carbon Trading: A Key Strategy for Climate Change Goals
Arab Monetary Fund has released on Monday 27th of March 2023, a study titled "Assessing the association between the global carbon futures index and equity returns and volatility in selected Arab countries". The study aims to investigate the connection between the Global Carbon Futures Index (GCFI), stock returns, and volatility in four Arab stock exchanges: Bahrain, Saudi Arabia, Qatar, and the United Arab Emirates, by analyzing daily data between February 1, 2017, and October 30, 2022, using the generalized autoregressive conditional heterogeneity model (GARCH).