Our work is structured around three main lines of research, each addressing key aspects of the relationship between finance, energy, and sustainability. While our expertise is primarily focused on financial economics and energy finance, we have broadened our scope to include the field of sustainable finance and ESG criteria.

 1.

In this line, we study the mechanisms that determine market efficiency and the existence of arbitrage opportunities. We use high-frequency data to analyze the efficiency of financial markets and estimate risk premiums in equities, credit, commodities, and derivative instruments. Special attention is given to volatility transmission between markets, to advance understanding of how shocks propagate and how investors can better anticipate and manage risks. The development of advanced econometric and mathematical models enables us to offer useful recommendations for investors, regulators, and policymakers interested in improving market stability and functioning.

 2.

In the context of the transition to renewable energy and sustainable practices, we analyze the financial implications of these changes. We study hedging strategies in energy commodities, the impact of renewables on electricity prices, and the valuation of derivatives in the European carbon market. Our research addresses the challenges and opportunities of the energy transition, including the integration of ESG criteria into investment decisions, the role of financial actors in energy markets, and the development of risk management models. We also analyze the design of energy markets to ensure their resilience, efficiency, and sustainability in a low-carbon future.

 3.

Looking ahead, we aim to strengthen our research in the field of sustainable finance and ESG criteria. We seek to analyze how these criteria are integrated into financial decision-making, their impact on asset valuation and portfolio management, as well as the development of innovative financial instruments that promote responsible investment. We are particularly interested in evaluating the effectiveness of regulatory frameworks, the measurement and management of social and governance risks, and the role of finance as a facilitator of more inclusive and transparent economic growth. Through this emerging line, we aspire to contribute to the advancement of sustainable finance as a driver of long-term value.