Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China

Is carbon emissions trading profitable?

a r t i c l e i n f o The European Carbon Emissions Trading Scheme introduced in 2005 has led to both spot and futures market trading of carbon emissions. However, despite seven years of trading, we have no knowledge on how profitable carbon emissions trading is. In this paper, we first test whether carbon forward returns predict carbon spot returns. We find strong evidence on both in-sample an...

Reducing Carbon Emissions from Shopping Trips: Evidence from China

With rising income and the emergence of modern shopping centers in urban China, shopping trips by private car becomes more and more common, leading to higher carbon emissions in the transport sector. Encouraging car owners to shift transport mode from private car to public transport could achieve significant emissions reductions. This study estimate carbon emissions savings by shifting from pri...

Carbon Emissions Scenarios for China to 2100

Please note that Tyndall working papers are "work in progress". Whilst they are commented on by Tyndallresearchers, they have not been subject to a full peer review. The accuracy of this work and the conclusions reached are the responsibility of the author(s) alone and not the Tyndall Centre. Introduction China's economy is growing rapidly with nearly 10% per year increases in GDP over the last...

Carbon Emissions from Biomass Burning

Carbon-dioxide emissions trading and hierarchical structure in worldwide finance and commodities markets.

In a highly interdependent economic world, the nature of relationships between financial entities is becoming an increasingly important area of study. Recently, many studies have shown the usefulness of minimal spanning trees (MST) in extracting interactions between financial entities. Here, we propose a modified MST network whose metric distance is defined in terms of cross-correlation coeffic...