Research on the Time-Frequency Correlation between Green Bonds, Energy Markets and Metal Futures Markets

DOI

10.2991/978-2-38476-611-6_66How to use a DOI?

Keywords

Green Bonds; Energy Market; Non-ferrous Metal Futures; Wavelet Analysis; Wavelet Coherence

Abstract

This paper employs continuous wavelet transform and wavelet coherence to investigate the time-frequency dynamic correlation between green bonds and crude oil, coal, natural gas, copper, nickel, zinc futures during 2017-2024. Results show energy futures are dominated by high-frequency volatility, while metal futures present medium-frequency periodic volatility. The correlation between green bonds and energy futures is policy-driven, and that with non-ferrous metals is featured by industrial linkage. These findings reveal multi-scale cross-market linkages and provide references for risk hedging and green finance supervision.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 3.0 International License (http://creativecommons.org/licenses/by-nc/3.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yarui Liu
PY  - 2026
DA  - 2026/09/07
TI  - Research on the Time-Frequency Correlation between Green Bonds, Energy Markets and Metal Futures Markets
BT  - Proceedings of the 2026 12th International Conference on Digital Humanities and Frontiers in Social Sciences (DHFSS 2026)
PB  - Atlantis Press
SP  - 607
EP  - 613
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-611-6_66
DO  - 10.2991/978-2-38476-611-6_66
ID  - Liu2026
ER  -