Climate Change Concerns and Financial Market Returns: Distributional Predictability and Local State Dependence Across Technology, Clean Energy and Carbon‐Intensive Assets
This study examines how climate change concerns are associated with technology‐oriented, clean‐energy and carbon‐intensive energy returns using daily data from 23 April 2018 to 30 June 2025. The empirical framework combines quantile Granger non‐causality testing, quantile‐on‐quantile regression (QQR), pointwise movin...