Can China’s Carbon Market Pilot Cope with Uncertainty Shocks?

doi:10.1007/978-981-99-9311-6_46

IR > 经济管理学院

	Can China’s Carbon Market Pilot Cope with Uncertainty Shocks?
	Wei, Qi; Wang, Kehao
	2024
会议名称	6th International Conference on Electrical Engineering and Information Technologies for Rail Transportation, EITRT 2023
会议录名称	Lecture Notes in Electrical Engineering
卷号	1137 LNEE
页码	435-447
会议日期	October 19, 2023 - October 21, 2023
会议地点	Beijing, China
出版者	Springer Science and Business Media Deutschland GmbH
摘要	This paper introduces a novel approach by explicitly considering the COVID-19 pandemic as an analytical framework for assessing uncertainty shocks. Focusing on average trading volume and average trading prices, the study quantifies the impact of the pandemic on the carbon market in pilot regions. It compares the market performance of these regions in response to the pandemic shock while incorporating existing response measures. Relevant variables are identified and applied in a partial correlation analysis model. The findings reveal a significant correlation between the extent of the pandemic's impact on the carbon market and factors such as the proximity to the contract expiration date and the level of pandemic risk. This study provides the first empirical evidence of the effectiveness of current measures in mitigating the pandemic's impact on the carbon market. Additionally, recommendations are proposed for further optimizing response strategies. © Beijing Paike Culture Commu. Co., Ltd. 2024.
关键词	Carbon Commerce Correlation methods Uncertainty analysis-'current Carbon markets Correlation analysis model COVID-19 pandemic Market performance Partial correlation Response measures Trading volumes Uncertainty Uncertainty shock
DOI	10.1007/978-981-99-9311-6_46
收录类别	EI
语种	英语
EI入藏号	20240915632410
EI主题词	COVID-19
EI分类号	461.7 Health Care ; 804 Chemical Products Generally ; 922.1 Probability Theory ; 922.2 Mathematical Statistics
ISSN	1876-1100
原始文献类型	Conference article (CA)
引用统计	无
文献类型	会议论文
条目标识符	https://ir.lut.edu.cn/handle/2XXMBERH/170004
专题	经济管理学院
通讯作者	Wei, Qi
作者单位	School of Economics and Management, Lanzhou University of Technology, Lanzhou; 730050, China
第一作者单位	经济管理学院
通讯作者单位	经济管理学院
推荐引用方式 GB/T 7714	Wei, Qi,Wang, Kehao. Can China’s Carbon Market Pilot Cope with Uncertainty Shocks?[C]:Springer Science and Business Media Deutschland GmbH,2024:435-447.