Response of commodity markets to global warming attention

Response of commodity markets to global warming attention | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Article Response of commodity markets to global warming attention Jiangbo Geng, Anjiao Jiao This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-4567325/v1 This work is licensed under a CC BY 4.0 License Status: Posted Version 1 posted You are reading this latest preprint version Abstract This study used the internet search index on the topic ‘global warming’ as a proxy for the level of public attention to global warming and empirically tested the shock of global warming attention to international commodity markets. The findings indicate that the returns, volatility, and uncertainty of the commodity markets exhibited high sensitivity to global warming attention. Moreover, the findings show that first, global warming attention positively shocked the returns, volatility, and uncertainty of the agricultural market. Second, global warming attention negatively shocked the returns of the fossil energy market but positively shocked the volatility and uncertainty of the fossil energy market. Third, it caused no significant shock to the livestock market. Fourth, it positively shocked the returns of the metal market but did not significantly shock the volatility and uncertainty of the metal market. Therefore, it is imperative for financial regulators and investors to be more aware of climate change attention and its heterogeneous shocks to different commodity markets to prevent and mitigate its adverse consequences. Scientific community and society/Social sciences/Climate change/Climate-change impacts/Governance Scientific community and society/Business and industry/Business Global warming attention Commodity market Uncertainty Panel vector autoregressive model Full Text Additional Declarations There is NO Competing Interest. Supplementary Files AppendixA20240611.docx Dataandcode20240611.zip Data and code Cite Share Download PDF Status: Posted Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. 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Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-4567325","acceptedTermsAndConditions":true,"allowDirectSubmit":true,"archivedVersions":[],"articleType":"Article","associatedPublications":[],"authors":[{"id":317497826,"identity":"551d7303-9d20-4643-8070-ac4e7e3d53a6","order_by":0,"name":"Jiangbo Geng","email":"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAZAAAAAyAQMAAABI0h/eAAAABlBMVEX///8AAABVwtN+AAAACXBIWXMAAA7EAAAOxAGVKw4bAAAA6ElEQVRIie2QsQrCMBCGTwpxCbi2SPEVIoF0KfVVIoW+gCCOhYIuorNvURHEMZLBJeAr1KWzDopO2ugeMwrmG447+D+4OwCH4wdpFbrkAB09VZ/eUgl0lNsoH6+JEWGreDOvPl13cbI5qn7FIQ5L4dWVeTEU0VBl6VYoSjhktBQoImYFWDeYypTt58znIIelwMg3K+3bW6EFju4cnjYKZsFlKhOCMGvOF1bKuNtSGfcVGvmcpHQlETMq/eVhGzx28aCzlOvzeZKEi0NRm5W8eTQGGObvUb/KM+Ubenq5O8DgS87hcDj+mRe1EUiawkmcQwAAAABJRU5ErkJggg==","orcid":"","institution":"Zhongnan University of Economics and Law","correspondingAuthor":true,"prefix":"","firstName":"Jiangbo","middleName":"","lastName":"Geng","suffix":""},{"id":317497827,"identity":"43e80407-b1ca-4496-885f-74a7b3b8dc9e","order_by":1,"name":"Anjiao Jiao","email":"","orcid":"","institution":"Zhongnan University of Economics and Law","correspondingAuthor":false,"prefix":"","firstName":"Anjiao","middleName":"","lastName":"Jiao","suffix":""}],"badges":[],"createdAt":"2024-06-12 04:05:17","currentVersionCode":1,"declarations":"","doi":"10.21203/rs.3.rs-4567325/v1","doiUrl":"https://doi.org/10.21203/rs.3.rs-4567325/v1","draftVersion":[],"editorialEvents":[],"editorialNote":"","failedWorkflow":false,"files":[{"id":105452937,"identity":"c4cf46c4-b003-4fc2-b4a2-8d093d4b4f44","added_by":"auto","created_at":"2026-03-26 08:35:57","extension":"pdf","order_by":1,"title":"","display":"","copyAsset":false,"role":"manuscript-pdf","size":894649,"visible":true,"origin":"","legend":"","description":"","filename":"Responseofcommoditymarketstoglobalwarmingattention20240611.pdf","url":"https://assets-eu.researchsquare.com/files/rs-4567325/v1_covered_9c050340-3bf6-4ced-80f0-82853e5402da.pdf"},{"id":58906008,"identity":"bf12c601-8997-4802-9a09-67c02eaa14d5","added_by":"auto","created_at":"2024-06-24 02:56:46","extension":"docx","order_by":1,"title":"","display":"","copyAsset":false,"role":"supplement","size":48460,"visible":true,"origin":"","legend":"\u003cp\u003e\u003cbr\u003e\u003c/p\u003e","description":"","filename":"AppendixA20240611.docx","url":"https://assets-eu.researchsquare.com/files/rs-4567325/v1/295bb002e7e3777508c9e0b5.docx"},{"id":58906257,"identity":"3337b44d-0e14-4736-8bf0-90d49696412b","added_by":"auto","created_at":"2024-06-24 03:04:46","extension":"zip","order_by":2,"title":"","display":"","copyAsset":false,"role":"supplement","size":6657079,"visible":true,"origin":"","legend":"\u003cp\u003eData and code\u003c/p\u003e","description":"","filename":"Dataandcode20240611.zip","url":"https://assets-eu.researchsquare.com/files/rs-4567325/v1/0277204e65ccaa6188b78119.zip"}],"financialInterests":"There is \u003cb\u003eNO\u003c/b\u003e Competing Interest.","formattedTitle":"Response of commodity markets to global warming attention","fulltext":[],"fulltextSource":"","fullText":"","funders":[],"hasAdminPriorityOnWorkflow":false,"hasManuscriptDocX":false,"hasOptedInToPreprint":false,"hasPassedJournalQc":"","hasAnyPriority":true,"hideJournal":true,"highlight":"","institution":"","isAcceptedByJournal":false,"isAuthorSuppliedPdf":true,"isDeskRejected":"","isHiddenFromSearch":false,"isInQc":false,"isInWorkflow":false,"isPdf":true,"isPdfUpToDate":true,"isWithdrawnOrRetracted":false,"journal":{"display":true,"email":"[email protected]","identity":"researchsquare","isNatureJournal":false,"hasQc":true,"allowDirectSubmit":true,"externalIdentity":"","sideBox":"","snPcode":"","submissionUrl":"/submission","title":"Research Square","twitterHandle":"researchsquare","acdcEnabled":true,"dfaEnabled":false,"editorialSystem":"","reportingPortfolio":"","inReviewEnabled":false,"inReviewRevisionsEnabled":true},"keywords":"Global warming attention, Commodity market, Uncertainty, Panel vector autoregressive model","lastPublishedDoi":"10.21203/rs.3.rs-4567325/v1","lastPublishedDoiUrl":"https://doi.org/10.21203/rs.3.rs-4567325/v1","license":{"name":"CC BY 4.0","url":"https://creativecommons.org/licenses/by/4.0/"},"manuscriptAbstract":"\u003cp\u003eThis study used the internet search index on the topic \u0026lsquo;global warming\u0026rsquo; as a proxy for the level of public attention to global warming and empirically tested the shock of global warming attention to international commodity markets. 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