Global Transmission of Returns among Financial, Traditional Energy, Renewable Energy and Carbon Markets: New Evidence
文献类型： 外文期刊
作者： Liu, Yang 1 ; Yang, Xueqing 2 ; Wang, Mei 1 ;
作者机构： 1.WHU Otto Beisheim Sch Management, Chair Behav Finance, Burgpl 2, D-56179 Vallendar, Germany
2.Sichuan Acad Agr Sci, Inst Remote Sensing & Digital Agr, Jingjusi Rd 20, Chengdu 610066, Peoples R China
3.UFZ Helmholtz Ctr Environm Res, Dept Bioenergy, Permoserstr 15, D-04318 Leipzig, Germany
关键词： renewable energy market; European carbon allowance; capital market; energy market; return transmission; market connection
期刊名称：ENERGIES （ 影响因子：3.004； 五年影响因子：3.085 ）
ISSN：
年卷期： 2021 年 14 卷 21 期
页码：
收录情况： SCI
摘要： Connections to world markets facilitate local markets developments to support more efficient capital allocation and greater investment and growth opportunities. Under the framework of cross-market rebalancing theory, in this study, we aim to systematically examine the market connections among world financial, energy, renewable energy and European carbon markets by measuring the return spillovers from 2008 to 2021. We find that the renewable energy market is more closely connected to the world financial and energy markets in the sense of the return transmission, while the carbon market is less connected to them. However, due to improved market regulations and determinations related to fighting climate change, the connections between the carbon market and other markets have gradually intensified. Plotting the return spillover indexes, we observe that strong return spillovers from the renewable energy market to other markets occurred when large investment plans were announced. Regarding the carbon market, regulation changes introduced by the EU Commission to improve and stabilize market environment induced intensified return transmission from carbon market to other markets. Another interesting finding is that the highly intensified return transmission among markets due to the COVID-19 crisis started to loosen when COVAX published the first interim distribution forecast on 3 February 2021.
- 相关文献
作者其他论文 更多>>
-
Novel nutritional strategy: Dietary valine improves the health value and nutrient deposition in grass carp (Ctenopharyngodon idella)
作者：Cai, Meng-Ling;Zhou, Xiao-Qiu;Jiang, Wei-Dan;Wu, Pei;Liu, Yang;Feng, Lin;Zhou, Xiao-Qiu;Jiang, Wei-Dan;Wu, Pei;Liu, Yang;Feng, Lin;Zhou, Xiao-Qiu;Jiang, Wei-Dan;Wu, Pei;Liu, Yang;Feng, Lin;Li, Shu-Wei;Tang, Ling;Zhong, Cheng-Bo
关键词：Grass carp; Valine; Protein deposition; Fatty acid metabolism; Flesh quality
-
Dietary lysine deficiency causes intestinal immune dysfunction partially via Janus kinases (JAKs)/signal transducers and activators of transcription (STATs) signalling pathways of on-growing grass carp (Ctenopharyngodon idella)
作者：Hu, Yangyang;Feng, Lin;Jiang, Weidan;Wu, Pei;Liu, Yang;Zhou, Xiaoqiu;Feng, Lin;Jiang, Weidan;Wu, Pei;Liu, Yang;Zhou, Xiaoqiu;Feng, Lin;Jiang, Weidan;Wu, Pei;Liu, Yang;Zhou, Xiaoqiu;Kuang, Shengyao;Kuang, Shengyao;Tang, Ling;Zhang, Lu;Mi, Haifeng
关键词：Antibacterial substances; Cytokines; Grass carp; Inflammatory response; JAKs/STATs signaling; Lysine deficiency
-
A nutritional strategy for improving sub-adult grass carp (Ctenopharyngodon idella) flesh flavor: The role of α-lipoic acid in regulating muscle nucleotide and fatty acid metabolism
作者：Zhang, Yang;Wu, Pei;Jiang, Wei-Dan;Liu, Yang;Ma, Yao-Bin;Zhou, Xiao-Qiu;Feng, Lin;Wu, Pei;Jiang, Wei-Dan;Liu, Yang;Ma, Yao-Bin;Zhou, Xiao-Qiu;Feng, Lin;Wu, Pei;Jiang, Wei-Dan;Liu, Yang;Ma, Yao-Bin;Zhou, Xiao-Qiu;Feng, Lin;Kuang, Sheng-Yao;Li, Shu-Wei;Tang, Ling
关键词：Grass carp; Alpha-lipoic acid; Flavor; Nucleotides; Fatty acids
-
Dietary isoleucine requirement of grass carp (Ctenopharyngodon idella) based on growth performance, muscle nutritional value, and extracellular matrix gene expression
作者：Ren, Kaixuan;Feng, Lin;Wu, Pei;Liu, Yang;Zhou, Xiaoqiu;Jiang, Weidan;Feng, Lin;Wu, Pei;Liu, Yang;Zhou, Xiaoqiu;Jiang, Weidan;Feng, Lin;Wu, Pei;Liu, Yang;Zhou, Xiaoqiu;Jiang, Weidan;Han, Dong;Zhang, Wenbing;Tang, Ling;Li, Shuwei;Kuang, Shengyao
关键词：Isoleucine; Muscle; Extracellular matrix component; Extracellular matrix synthesis; Extracellular matrix degradation; Grass carp (Ctenopharyngodon idella)
-
Effects and mechanisms of phytohormones in enhancing the resistance of Oocystis borgei to high ammonium nitrogen stress
作者：Song, Xinyue;Deng, Chengcheng;Hu, Zhangxi;Huang, Xianghu;Li, Changling;Zhang, Ning;Liu, Yang;Dong, Zhongdian;Zhang, Ning
关键词：High ammonium nitrogen stress (HANS); Phytohormones;
Oocystis borgei ; Photosynthetic efficiency; Antioxidant capacity; Nitrogen metabolism -
NPK-N application limits grain cadmium concentration of wheat via promoting Cd export during grain filling
作者：Cheng, Yiran;Chen, Jia;Li, Weiping;Xiang, Wenhui;Chen, Xing;Long, Dan;Wu, Dandan;Fan, Xing;Kang, Houyang;Zhou, Yonghong;Wang, Yi;He, Yuanjiang;Chen, Xing;Ren, Yong;Zeng, Jian;Liu, Yang;Wang, Dongwei;Sha, Lina;Zhang, Haiqin
关键词：Wheat; Cadmium; Nitrogen; Yield; Uptake
-
Dietary addition of fraxetin improved intestinal structure and growth performance in juvenile grass carp (Ctenopharyngodon idella): As a potential novel phytogenic feed additive
作者：Zhang, Jie;Jiang, Wei-Dan;Wu, Pei;Liu, Yang;Ma, Yao-Bin;Zhou, Xiao-Qiu;Feng, Lin;Jiang, Wei-Dan;Wu, Pei;Liu, Yang;Ma, Yao-Bin;Zhou, Xiao-Qiu;Feng, Lin;Jiang, Wei-Dan;Wu, Pei;Liu, Yang;Ma, Yao-Bin;Zhou, Xiao-Qiu;Feng, Lin;Kuang, Sheng-Yao;Li, Shu-Wei;Tang, Ling;Shi, He-Qun
关键词：Grass carp; Fraxetin; Digestive enzyme; Apoptosis; Apical junctional complex
