Driver Analysis of Trading Price Volatility in Carbon Emissions Market

DOI

10.2991/meic-14.2014.105How to use a DOI?

Keywords

component;carbon emissions permit; price volatility; theoretical analysis; empirical analysis; price mechanism

Abstract

With the development of global low carbon economy, the academic circle focus more and more on the carbon emissions permit trading, and on the influence on price volatility of carbon emissions permit products.To know more about the price volatility of carbon emissions permit products and to know better about the practical significance of the low carbon economy, this paper will pay attention to the drivers of price volatility of CERs and EUAs from theoretical and empirical analysis. In the theoretical analysis, we carry out our research from three points of view: macro-perspective, genetic analysis and demand and supply. In the empirical analysis, we will make the pulse response analysis on the VAR model we built between future prices of carbon emissions permit products and that of energy products to learn the change scope and change direction of price of carbon emissions permit products.On the basis of the analysis, we could learn more about the pricing rule of the carbon emissions permit products in order to build China's carbon emissions trading market price mechanism.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Dujuan Zheng
PY  - 2014/11
DA  - 2014/11
TI  - Driver Analysis of Trading Price Volatility in Carbon Emissions Market
BT  - Proceedings of the 2014 International Conference on Mechatronics, Electronic, Industrial and Control Engineering
PB  - Atlantis Press
SP  - 466
EP  - 469
SN  - 2352-5401
UR  - https://doi.org/10.2991/meic-14.2014.105
DO  - 10.2991/meic-14.2014.105
ID  - Zheng2014/11
ER  -