This paper describes the market architecture of five regional carbon markets in China and carries out an empirical analysis of carbon spot price co-integration from 2014 to 2019. The evidence of co-integration at rank one reveals that these regional ETS pilots are not mutually exclusive of each...

China's regional and national Emission Trading Schemes (ETS) are fast-growing, forming the largest carbon trading system in the world. The differences in the construction of legal foundations, market regulation development, and price maturity in regional carbon markets have led to nine carbon...

This paper investigates price volatility and spillover effects in the Nordic electricity wholesale markets, comprising Sweden, Finland, Denmark, and Norway. Utilizing both the Time-Varying Parameter Vector Autoregressive (TVP-VAR) and Rolling Window-based VAR (RW-VAR) approaches, we analyze the...

This paper investigates price volatility and spillover effects in the Nordic electricity wholesale markets, comprising Sweden, Finland, Denmark, and Norway. Utilizing both the Time-Varying Parameter Vector Autoregressive (TVP-VAR) and Rolling Window-based VAR (RW-VAR) approaches, we analyze the...