Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.03.046 |
The response of the Beijing carbon emissions allowance price (BJC) to macroeconomic and energy price indices | |
Zeng, Shihong1,2; Nan, Xin1,2; Liu, Chao1,2; Chen, Jiuying1,2 | |
2017-07-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 106 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China |
英文摘要 | In 2013, China opened pilot carbon emission trading markets in seven provinces, where carbon emission allowances have now been traded for more than two years. In this paper, we employ a structural VAR model and the price of the Beijing carbon emission allowance to study the dynamic relationships among the price of the carbon emission allowance, economic development and the price of energy. This paper's data cover the period from April 2, 2014 to November 6, 2015. This paper provides information that will be helpful to both investors and governmental policy makers. The results show that (1) an increase of one standard deviation in the coal price leads to an initial increase of approximately 0.1% in the Beijing carbon price. After 2 days, there is a decrease of less than 0.1%, and the price gradually increases by approximately 0.1% after 30 days; (2) the price of the Beijing carbon emission allowance is mainly affected by its own historical price; (3) the Beijing carbon emission allowance price, crude oil price, natural gas price and economic development have positive - albeit non-significant - correlations. |
英文关键词 | Beijing carbon emissions allowance price SVAR approach |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000402343600012 |
WOS关键词 | DIOXIDE EMISSIONS ; EMPIRICAL-ANALYSIS ; OIL PRICE ; CHINA ; EFFICIENCY ; REDUCTION ; IMPACTS ; COUNTRIES ; DRIVES |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18176 |
专题 | 气候变化 |
作者单位 | 1.Beijing Univ Technol, Coll Econ & Management, Appl Econ Dept, Beijing 100124, Peoples R China; 2.Beijing Univ Technol, Coll Econ & Management, Finance & Econ Dev Res Ctr, Beijing 100124, Peoples R China |
推荐引用方式 GB/T 7714 | Zeng, Shihong,Nan, Xin,Liu, Chao,et al. The response of the Beijing carbon emissions allowance price (BJC) to macroeconomic and energy price indices[J]. ENERGY POLICY,2017,106. |
APA | Zeng, Shihong,Nan, Xin,Liu, Chao,&Chen, Jiuying.(2017).The response of the Beijing carbon emissions allowance price (BJC) to macroeconomic and energy price indices.ENERGY POLICY,106. |
MLA | Zeng, Shihong,et al."The response of the Beijing carbon emissions allowance price (BJC) to macroeconomic and energy price indices".ENERGY POLICY 106(2017). |
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