Estimation has been carried out using GARCH-type models, based on the Generalized Error Distribution (GED), for both the extreme downside and upside Value-at-Risks (VaR) of returns in the WTI and Brent crude oil spot markets. Furthermore, according to a new concept of Granger causality in risk,...

The sharp volatility of West Texas Intermediate (WTI) crude oil price in the past decade triggers us to investigate the price bubbles and their evolving process. Empirical results indicate that the fundamental price of WTI crude oil appears relatively more stable than that of the market-trading...

Research on the nexus between energy consumption and economic growth is a fundamental topic for energy policy making and low-carbon economic developing all over the world. Russia is the third largest energy consumption country, while little research has touched upon its energy consumption issue...

In order to investigate the main drivers of CO2 emissions changes in China during the 11th Five-Year Plan period (2006-2010) and seek the main ways to reduce CO2 emissions, we decompose the changes of energy-related CO2 emissions using the production-theoretical decomposition analysis (PDA)...

This paper employs the Extreme Value Theory (EVT) to measure the 'Value at Risk' (VaR) of EUA futures prices. The results show that during the sample period, first, the EVT approach can be used to reliably measure the extreme risk of carbon futures markets of the EU ETS, both for Phase I and...

Given the complexity between China's financial development and carbon emissions, this paper uses some econometric techniques, including cointegration theory, Granger causality test, variance decomposition etc., to explore the influence of financial development on carbon emissions. Results...

Based on the questionnaire survey, this paper analyzes China's public perception of climate change in terms of several influence factors and some empirical findings are obtained. We find that some respondents are willing to take individual actions to address climate change, and they pay more...

The European Union Emissions Trading Scheme (EU ETS) is supposed to be an important mechanism for addressing climate change. Up to now, the theoretical foundation of EU ETS has been widely acknowledged, but empirical research on its current situation has only been published recently or is...

Given that the gold market and the crude oil market are the main representatives of the large commodity markets, it is of crucial practical significance to analyze their cointegration relationship and causality, and investigate their respective contribution, from the perspective of price...

A set of models are employed to estimate the potential of total energy saved of productions and segmented energy saving for telecom operators in China. During the estimation, the total energy saving is divided into that by technology and management, which are derived from technical reform and...