Spillover Analysis of Carbon Market, Crude Oil Market, and Coal Market based on BEKK-GARCH
Xinyuan Zhang
Abstract:Global warming has become an urgent issue for all mankind, and climate change caused by carbon dioxide emissions is a growing concern. China, as a major global energy consumer, has set "carbon neutrality" as its vision for 2035. This study aims to explore the impact of carbon neutral policy on the volatility of the energy market, and through a comprehensive analysis of the historical data of the carbon market, crude oil market, and power coal market returns, we aim to reveal the volatility spillover effect amo… Show more
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