In this paper, the non-stationary, nonlinear and chaotic characteristics of carbon prices in China's ETS pilots have been verified, and then the prediction model is built based on the tested features. Firstly, the original carbon price series are decomposed by Variational Mode Decomposition (VMD)...
The first deal in China's ETS was sealed at 52.78 yuan ($8.16) per tonne, with a total of 160,000 tonnes of emissions worth 7.9 million yuan traded while the average carbon price on the European Union ETS between 2021-2025 is 47.25 euros ($55.67) a tonne, according to a survey by...
ETS creates a price mechanism for carbon emissions, which serves as leverage for optimally allocating a certain quantity of allowance among emitters. In the short run, the carbon price provides the incentive for covered enterprises to reduce emissions cost-effectively. In the long term, these enterp...
Therefore, to guarantee that the carbon price signal emerging from the ETS is strong enough to support the achievement of China's climate change targets given uncertainties in economic growth, technology improvement and renewable energy development, China's ETS needs a carbon price floor. In this ...
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(2016) is an analysis of the Shanghai ETS showing how it lowers the carbon price dramatically compared to a no-trade scenario. Yu et al. (2018), using the same model of Shanghai (and rest-of-China), examine the impact of different methods of allocating allowances to each sector, ...
The current ETS price is ~60 CNY/t CO2 (Huanbao EN-IN, 2022) or 9 $/t CO2, which is higher than the designed tax rates, except for a few years at the 3% tax. Different tax rates and ETS prices are rational because carbon taxes regulate anthropogenic emissions by direct ...
In addition, technological innovation, financial sector development, and an active ETS market can effectively drive the level of local carbon finance. Additionally, the MCDM methodology in this paper provides new ideas in environmental and economic development assessment....
Arouri MEH, Jawadi F, Nguyen DK (2012) Nonlinearities in carbon spot-futures price relationships during Phase II of the EU ETS. Econ Model 29(3):884–892. https://doi.org/10.1016/j.econmod.2011.11.003 Article Google Scholar Balcilar M, Demirer R, Hammoudeh S, Nguyen DK (2016) Risk...
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