Research on Correlation Analysis of International Carbon Emission Rights

LINA ZHU

Abstract


The selection of April 22, 2005-August 22, 2013, EUA market price data, use Granger causality test, this paper to the European climate exchange EUA futures price discovery function is analyzed. The research shows that EUA futures price has the function of price discovery in the first and second stage. In the third stage, EUA futures price can no longer be able to clearly play the function of price discovery. Further, the paper draws on the development experience of EU ETS and puts forward some suggestions for the establishment of China's carbon emission right futures market.

Keywords


carbon emission right, relevance, EU ETS, Granger causality test.


DOI
10.12783/dtssehs/hsmet2017/16498

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