Promoting green and low-carbon development with new energy, and resource related sectors is an important way for mankind to deal with global climate change. With the marketization of new energy, the public and regulators have paid extensive attention to market relevance and risk contagion in China. In order to analyze the risk contagion mechanism, this paper examines the dynamic conditional correlation and the volatility spillover effect between crude oil, new energy, and resource related sectors. In addition, we compared the optimal diversific...
