Applied Stochastic Models in Business and Industry (ASMBI), the official journal of ISBIS (International Society for Business and Industrial Statistics), is inviting contributions for a special issue devoted to Energy Finance and Climate Change.
The present historical situation has focused great attention on Energy Finance. The sustainability issues related to the climate change and the scarcity of fossil fuel providers created a critical situation in this peculiar sector of financial markets. These markets show some peculiar characteristics, such as seasonality, presence of peaks, and stochastic volatility. Moreover, some new features related to the very limited storability of power has relevant implications, both from the financial and from the mathematical viewpoints.
The rise of new energy sources, with minor impact on environment, creates new sources of uncertainty in several areas of energy forecasting (e.g. price, production, consumption). Moreover, a broader look at the energy spot and future markets should also include considerations about environmental strategies and sustainable economics, the impact on climate change and the social aspects of finance. On top of this, investing in energy commodities is risky: prices can widely fluctuate, supply and demand can stay unbalanced, storing (when possible) and transportation costs may increase in particular periods due to unpredictable events. Business lines and financial portfolios can be hit hard by these adverse outcomes, therefore these risks must be measured and managed.
This special issue aims at collecting high-quality contributions on a wide range of theoretical and applied topics in energy finance and climate change, such as (but not limited to):
Energy and climate data science, Energy forecasting, Energy innovations, Energy markets, Energy analytics, Energy mix and carbon emission trading, ESG, Green finance & financing energy infrastructure, Climate policy and risk, Climate change & market efficiency, Climate change & pricing uncertainty, Regulation and regulatory risk, Renewable sources, Risk measurement and management, Storage devices, Sustainable finance.
Contributions from multiple areas are welcome, and they might range from more exquisitely technical aspects of modeling to the practical implications of the actual uncertainties on the energy market recent developments, highlighting their innovative applications in an ever-evolving complex environment. The displayed models, the computational techniques and the data methodologies can rely on stochastic processes, statistical analysis, time series forecasting, derivative pricing and hedging, machine learning, Monte Carlo simulations, data mining, risk estimation and management, and related tools.
Papers should present innovative methodologies and/or powerful applications of existing methods. All submissions will go through the standard, selective review process of ASMBI. The deadline for submissions via https://wiley.atyponrex.com/journal/ASMB is 30 June 2023. Please follow the ASMBI author submission guidelines on the ASMBI website and click on the box about submissions for special issues, selecting “Energy Finance” when prompted.
The Guest Editors of the special issue are Roberto Baviera (firstname.lastname@example.org), Carlo Sgarra (email@example.com), Tiziano Vargiolu (firstname.lastname@example.org), Rituparna Sen (email@example.com ). For any information about ASMBI, please contact its Editor-in-Chief, Fabrizio Ruggeri (firstname.lastname@example.org).