Volatility Spillovers and Causality of Carbon Emissions, Oil and Coal Spot and Futures for the EU and USA

• Published in: Sustainability Vol. 9; no. 10; p. 1789
• Main Authors: Chang, Chia-Lin, McAleer, Michael, Zuo, Guangdong
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 02.10.2017
• Subjects: 2391 Química Ambiental; 5302 Econometría; air pollutants; air pollution; air quality; anthropogenic activities; burning; C58; Carbon; carbon dioxide; Carbon emissions; carbon emissions; fossil fuels; crude oil; coal; low carbon targets; green energy; spot and futures prices; Granger causality; volatility spillovers; quasi likelihood ratio (QLR) test; diagonal BEKK; full BEKK; dynamic hedging; Causality; climate change; Coal; Crude oil; ddc:330; Diagonal BEKK; Dynamic hedging; Econometría; Econometría (Economía); Economic models; electricity; Emissions; ESE - E&MS; Europe; European Union; Fossil fuels; Full BEKK; futures trading; Granger causality and volatility spillovers; Green energy; greenhouse gases; heat; L71; Likelihood ration test; Low carbon targets; Medio ambiente; Mineralogía; Mineralogía (Química); normal distribution; O13; oils; P28; petroleum; prices; public health; Q42; Spot and futures prices; Sustainability; transportation; United States; Volatility; United States > US; United States; Europe

Recent research shows that the efforts to limit climate change should focus on reducing the emissions of carbon dioxide over other greenhouse gases or air pollutants. Many countries are paying substantial attention to carbon emissions to improve air quality and public health. The largest source of c...