In 2020, ESG funds that invest in companies that score higher on environmental, social, and
governance measures witnessed an increase in investment compared to 2019.
Understanding the causal relationship and spillover between these two types of indexes
may help investors determine if clean energy indexes follow the same trend as conventional
indexes or the reverse. Additionally, investors would benefit from understanding this
causation in both the pre-and post-Covid-19 eras. We conceive this study to plug this gap …