COVID-19, Public Attention, Government Responses and Clean Energy Investments: Evidence from the U.S. Bond and Equity Markets

Abstract

This paper investigates the impact of COVID-19 public attention and government responses on clean energy financial markets. We find that coronavirus public attention has an adverse impact on green equity but a positive impact on green bond. Additionally, government responses to the pandemic have a positive impact on green financial market returns. These results have important implications for the promotion of clean energy investments during and after the pandemic.

Keywords: green bond, clean energy stock, sustainable finance, COVID-19, public attention, government responses