Based on VAR model with relevant variables involved in the year before and after the Russia- Ukraine conflict respectively, the paper analyzed and verified the influence of the prices of international energy and the carbon emissions rights on the stock price of new energy. The empirical results show that: Before the Russia-Ukraine conflict, no factor significantly affected the stock price of new energy, while after the conflict, international energy prices and other factors significantly affected the stock price. This reflects that the Russia-Ukraine conflict has indirect affection on the share price of new energy by influencing international energy prices, which has significantly changed the impact of energy prices on energy share prices. Thus, the government should control the prices of imported energy, accelerating the establishment the carbon emission rights market, in order to better stabilize the stock price of new energy.

Lu Wang, Hua Fang. The Impact of International Energy and Domestic Carbon Emission Rights Prices on the Stock price of New Energy under the Russia-Ukraine Conflict. Academic Journal of Business & Management (2023) Vol. 5, Issue 12: 1-9. https://doi.org/10.25236/AJBM.2023.051201.

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