Time-frequency Connectedness between Coal Market Prices, New Energy Stock Prices and CO2 Emissions Trading Prices in China

• Published in: Sustainability Vol. 12; no. 7; p. 2823
• Main Authors: Jiang, Chun, Wu, Yi-Fan, Li, Xiao-Lin, Li, Xin
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.04.2020
• Subjects: Carbon dioxide; Climate change; Coal; Crude oil; Crude oil prices; Economic development; Emissions trading; Energy consumption; Energy industry; Energy prices; Fossil fuels; Market prices; Natural gas prices; Stochastic models; Stock prices; Studies; Beijing China; United States > US; China

This paper aims to examine whether there is inherent dynamic connectedness among coal market prices, new energy stock prices and carbon emission trading (CET) prices in China under time- and frequency-varying perspectives. For this purpose, we apply a novel wavelet method proposed by Aguiar-Conraria...