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,...

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...

Purpose: The purpose of this paper is to explore the dynamic influence of WTI crude oil returns on the stock returns of China’s traditional energy sectors, including oil and gas exploitation, coal mining and processing, petroleum processing and coking, electricity, heat production and supply...

Purpose: The purpose of this paper is to analyze the linear and nonlinear effects of market integration on carbon emissions and explore the direct and indirect paths of market integration on carbon emissions through path analysis. Design/methodology/approach: The authors first conduct a...

Purpose: Risk aversion is considered as an important factor in predicting asset prices. Many studies have proved that there exists important price information spillover among crude oil, precious metals and agricultural markets. Then there naturally follows the question: Is the risk aversion of...