摘要
中国碳排放权交易市场于2021年7月16日正式启动线上交易。作为实现“碳达峰、碳中和”目标的重要工具,备受关注。利用Diebold-Yilmaz溢出指数模型对全国碳市场与能源市场、电力市场和金融市场间风险溢出进行分析。研究结果表明:全国碳市场与能源市场、电力市场和金融市场三个市场间收益率溢出指数均为双向波动,且时变性明显;收益率溢出指数会受到国内外事件的冲击。对此,中国碳排放权交易市场应该尽快制定出完备的法律体系、制度体系以及监管机制,并丰富碳市场产品,加快碳市场的平稳安全地发展。
China's carbon emission trading market officially launched online trading on July 16,2021.As an important tool to achieve the goal of"carbon peak,carbon neutral",it has attracted much attention.The Diebold-Yilmaz spillover index model was used to analyze the risk spillover between the national carbon market and the energy market,the electricity market and the financial market.The results show that the yield spillover index between the national carbon market and the energy market,the electricity market and the financial market is bidirectional,and the time variation is obvious.The yield spillover index will be hit by events at home and abroad.In this regard,China's carbon emission trading market should develop a complete legal system,institutional system and regulatory mechanism as soon as possible,enrich the products of the carbon market,and speed up the stable and safe development of the carbon market.
作者
苏蕾
井博飞
鞠婷婷
SU Lei;JING Bofei;JU Tingting
出处
《商业经济》
2023年第6期167-172,共6页
Business & Economy
基金
中央高校基本科研业务费专项资金碳中和专项(2572021DT11)
教育部人文社会科学研究青年基金项目(17YJC790130)
黑龙江省自然基金优秀青年项目(YQ2019G001)资助。
关键词
中国碳排放权交易市场
能源市场
电力市场
金融市场
指数溢出模型
China's carbon emission trading market
energy markets
electricity market
financial markets
exponential overflow model
