The Inter-market Linkage Effect of Carbon Emission Market in China with the Practical Example of Hubei Carbon Market
Year: 2024
Type: article
Abstract: As a market-oriented means of building China 's current carbon emission market to control carbon emissions, its fluctuations are closely related to the energy industry. With the gradual improvement of the carbon trading system, carbon emissions trading has begun to play a role in transmission and form linkages with various markets. This paper selects the data of Hubei Carbon Emissions Trading Center within 9 years and 10 industry indexes. The wavelet analysis method sensitive to the time and frequency characteristics of data is used to discuss the inter-market linkage with insufficient development. The inter-market linkage effect in the short and medium term is specified, and the timeliness and heterogeneity of the linkage effect between markets are found.
Author: Jingyu Leng
Institution: Shanghai University of Finance and Economics
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Climate action
Open Access status: hybrid
OpenAlex ID: W4406035990