globalchange  > 气候变化与战略
DOI: 10.1016/j.jclepro.2019.118682
论文题名:
The market-linkage of the volatility spillover between traditional energy price and carbon price on the realization of carbon value of emission reduction behavior
作者: Wu Q.; Wang M.; Tian L.
刊名: Journal of Cleaner Production
ISSN: 9596526
出版年: 2020
卷: 245
语种: 英语
英文关键词: Carbon emission market ; Fossil energy market ; Recurrence plot ; Recurrence quantification analysis ; Volatility spillover
Scopus关键词: Air cleaners ; Carbon dioxide ; Coal ; Emission control ; Energy utilization ; Multivariable control systems ; Natural gas ; Natural gas wells ; Carbon emissions ; Fossil energy ; Recurrence plot ; Recurrence quantification analysis ; Volatility spillovers ; Commerce
英文摘要: Establishing a carbon market is widely regarded as an effective means of controlling global carbon emission. Purchasing carbon emission right will increase the cost of enterprises, especially for high-energy consumption industry. The volatility of carbon market will undoubtedly affect the behavior of these enterprises. It has been well recognized that there is significant interaction between the carbon market and the fossil energy (crude oil, natural gas and coal) market. This paper employs recurrence plot (RP) method and recurrence quantification analysis (RQA) method to investigate the volatility spillover between the three different energy futures markets and carbon emission market. The result shows that the volatility spillover between the coal market and carbon emission market is strongest. Based on this, in order to avoid the risk from the carbon emission market, industries should switch from coal to natural gas or oil, and this behavior will lead to the reduction of carbon emission. Industries will change their energy consumption structure to a much cleaner one which will reduce air pollutant and the emission of carbon dioxide on the realization of carbon value. © 2019 Elsevier Ltd
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/159897
Appears in Collections:气候变化与战略

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作者单位: Energy Interdependency Behavior and Strategy Research Center, School of Mathematical Science, Nanjing Normal University, Nanjing, Jiangsu 210042, China; Taizhou College, Nanjing Normal University, Taizhou, Jiangsu 225300, China; Energy Development and Environmental Protection Strategy Research Center, Jiangsu University, Zhenjiang, Jiangsu 212013, China

Recommended Citation:
Wu Q.,Wang M.,Tian L.. The market-linkage of the volatility spillover between traditional energy price and carbon price on the realization of carbon value of emission reduction behavior[J]. Journal of Cleaner Production,2020-01-01,245
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