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Crossing the river by feeling the stones : the case of carbon trading in China
Zhang, ZhongXiang - 2015
Putting a price on carbon is considered a crucial step for China's endeavor of harnessing the market forces to reduce … its energy consumption and carbon emissions. Indeed, aligned with China's grand experiment with low-carbon provinces and … market power of dominated players, use of offsets, and enforcement and compliance. This article explains why China turns to …
Persistent link: https://www.econbiz.de/10010493045
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China's carbon market : development, evaluation, coordination of local and national carbon markets and common prosperity
Zhang, ZhongXiang - 2022
To achieve the commitments to both carbon peaking and carbon neutrality, China should focus on those policies of … regions with low levels of development and technology in China. …
Persistent link: https://www.econbiz.de/10013438629
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Exploiting complementarity of carbon pricing instruments for low-carbon development in the People's Republic of China
Wu, Jie; Fan, Ying; Timilsina, Govinda R.; Xia, Yan - 2022
There is an urgent need to mitigate global warming for all countries around the world. The People's Republic of China …
Persistent link: https://www.econbiz.de/10013280057
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Modeling Carbon Emission Allowance Trading in China’s ETS
wu, Hongjun; Chen, Lingju; Tang, Qingliang - 2021
This paper develops a game model to depict the process of determining the trading price and volume at equilibrium of Chinese carbon emission allowance trading market. Assuming that the cost for carbon emission reduction is a normally distributed random variable, enterprises are risk-neutral, and...
Persistent link: https://www.econbiz.de/10013238855
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Is the Global Carbon Market Integrated? Return and Volatility Connectedness in ETS Systems
Lyu, Chenyan; Scholtens, Bert - 2022
, among carbon prices across four jurisdictions – European Union, New Zealand, California, and Hubei (China) ETS. We use …
Persistent link: https://www.econbiz.de/10013405978
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Volatility spillover and dynamic correlation between the carbon market and energy markets
Chen, Yufeng; Qu, Fang; Li, Wenqi; Chen, Minghui - In: Journal of business economics and management 20 (2019) 5, pp. 979-999
This paper studies the volatility spillover and dynamic correlation between EU emission allowance (EUA) prices and energy prices by considering three energy commodities, including oil, gas, and coal. The asymmetric BEKK model is employed for multi-phase analysis of EU ETS, yet only a little...
Persistent link: https://www.econbiz.de/10012175985
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Flexibility in the market for international carbon credits and price dynamics difference with European allowances
Gavard, Claire; Kirat, Djamel - 2015
We analyze the price dynamics of European allowances and international carbon credits in the second phase of the European carbon market. We develop and use a model combining fundamental drivers associated with the demand for quotas by installations and risk-return considerations related to the...
Persistent link: https://www.econbiz.de/10010476203
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Association between the Energy and Emission Prices : An Analysis of EU Emission Trading System
Soliman, Alaa M. - 2019
Previous studies have focused on the co-movements between the prices of different types of energy and, to some extent, the co-movements between the energy and financial assets prices, falling short of analysing the comovements between the different types of energy and emission price. In this...
Persistent link: https://www.econbiz.de/10012895316
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Eyes on the price : which power generation technologies set the market price? : price setting in European electricity markets : an application to the proposed Dutch carbon price fl...
Blume-Werry, Eike; Faber, Thomas; Hirth, Lion; Huber, Claus - 2018
Upon discussion of price setting on electricity wholesale markets, many refer to the so-called merit order model. Conventional wisdom holds that during most hours of the year, coal- or natural gas-fired power plants set the price on European markets. In this context, this paper analyses price...
Persistent link: https://www.econbiz.de/10011948155
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Climate policies and nationally determined contributions : reconciling the needed ambition with the political economy
Vogt-Schilb, Adrien; Hallegatte, Stéphane - 2017
Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...
Persistent link: https://www.econbiz.de/10011660858