Global S&T Development Trend Analysis Platform of Resources and Environment
The Growth of Carbon Markets in Asia: The Potential Challenges for Future Development; The Growth of Carbon Markets in Asia: The Potential Challenges for Future Development | |
[unavailable] | |
2019-08-15 ; 2019-08-15 | |
出版年 | 2019 ; 2019 |
语种 | 英语 ; 英语 |
国家 | 国际 ; 国际 |
领域 | 气候变化 ; 气候变化 |
英文摘要 |
![]() Asia is one of the fastest-growing regions of the world but is also responsible for a major share of global emissions. We provide comprehensive details on the carbon markets across the major Asian economies and with specific attention to the Chinese carbon market. We discuss in particular the carbon markets across the major northeast (People’s Republic of China [PRC], Japan, and Republic of Korea) Asian economies. Further, we empirically explore the interrelationship between the Shanghai and Shenzhen carbon emission markets, using an autoregressive distributed lag model with daily high-frequency data from 3 January 2017 to 9 October 2018. The evidence from the analysis confirms unidirectional influence from the Shanghai carbon emission market on the Shenzhen carbon emission market. Our findings shed light on the carbon emission markets’ policy formulation for the Chinese government to achieve sustainable economic growth and meet carbon reduction targets in the PRC. Finally, we provide numerous policy and practical implications for the Asian economies with respect to the issues of climate change policies. WORKING PAPER NO: 987;![]() Asia is one of the fastest-growing regions of the world but is also responsible for a major share of global emissions. We provide comprehensive details on the carbon markets across the major Asian economies and with specific attention to the Chinese carbon market. We discuss in particular the carbon markets across the major northeast (People’s Republic of China [PRC], Japan, and Republic of Korea) Asian economies. Further, we empirically explore the interrelationship between the Shanghai and Shenzhen carbon emission markets, using an autoregressive distributed lag model with daily high-frequency data from 3 January 2017 to 9 October 2018. The evidence from the analysis confirms unidirectional influence from the Shanghai carbon emission market on the Shenzhen carbon emission market. Our findings shed light on the carbon emission markets’ policy formulation for the Chinese government to achieve sustainable economic growth and meet carbon reduction targets in the PRC. Finally, we provide numerous policy and practical implications for the Asian economies with respect to the issues of climate change policies. WORKING PAPER NO: 987 |
URL | 查看原文 ; 查看原文 |
来源平台 | Asian Development Bank ; Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/238338 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. The Growth of Carbon Markets in Asia: The Potential Challenges for Future Development, The Growth of Carbon Markets in Asia: The Potential Challenges for Future Development,2019, 2019. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp987.pdf(358KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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