The International Clean Energy Market (ICEM) has emerged as one of the fastest-growing sectors in the energy industry. The increasing financialization and integration of the ICEM has meant that internal systemic risks have begun to surface, which can potentially seriously threaten the stable...

In recent years, systemic risks and risk spillover effects have threatened the stable development of the international clean energy market. Some traditional cross-sectional risk measurement methods are proposed in the literature to study the interdependence of systemic risks between two clean...