Dataset Information

Does market segmentation hinder interregional CO2 flow in China? - Evidence from China's interprovincial MRIO table.

ABSTRACT: China is the key player in the globalization era and is eliminating its intra-national trade barrier. This process will affect interprovincial CO2 flows. This study recalculates interprovincial CO2 flows in China by using the latest MRIO table and applies a gravity model to assess how market segmentation affects interprovincial CO2 flows. Results show that the total volume of interprovincial embodied CO2 flow did not increase excessively from 2007 to 2012, but the pattern of embodied CO2 flow had changed a lot. Market segmentation significantly decreased the interprovincial embodied CO2 flows in China and within its sub-regions. At interregional level, market segmentation's negative effect was significant between Central and Western China. Other variables such as geographical distance showed a significant negative impact on interprovincial embodied CO2 flow in China. On the basis of our results, we raise some relevant policies to deal with the environmental inequality caused by the decrease in market segmentation.

SUBMITTER: Wu S

PROVIDER: S-EPMC8328345 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature

ACCESS DATA

Publications

Does market segmentation hinder interregional CO2 flow in China? - Evidence from China's interprovincial MRIO table.

Wu Shuang S Zou Jialing J

PloS one 20210802 8

China is the key player in the globalization era and is eliminating its intra-national trade barrier. This process will affect interprovincial CO2 flows. This study recalculates interprovincial CO2 flows in China by using the latest MRIO table and applies a gravity model to assess how market segmentation affects interprovincial CO2 flows. Results show that the total volume of interprovincial embodied CO2 flow did not increase excessively from 2007 to 2012, but the pattern of embodied CO2 flow ha ...[more]

PMID: 34339470

Similar Datasets

Project description:The development of China's National Carbon Market has strengthened the inherent link between the carbon market and the broader energy market, providing a potential for cross-market risk transmission resonance. Studying the risk spillover effects between China's National Carbon Market and the crude oil futures market is of significant practical importance, both in terms of carbon market development and carbon risk management. Based on the Maximal Overlap Discrete Wavelet Transform (MODWT), the price series are decomposed across multiple scales, and the risk spillover effects between the carbon market and the crude oil futures market are examined from both the time domain and the frequency domain. Methods such as wavelet energy decomposition, wavelet correlation, lead-lag analysis, and wavelet coherence are used to explore the mean spillover effects and volatility spillover effects (collectively referred to as risk spillover effects) across various scales. The study finds that China's National Carbon Market exhibits a clear compliance-driven effect, with relatively low market liquidity. The crude oil futures market experiences frequent price fluctuations, primarily driven by long-term factors. In the time domain, the risk transmission resonance between the carbon market and the crude oil futures market is high, with significant positive correlations observed at the D1 to D4 scales, and noticeable mean spillover effects. In the frequency domain, at the D3 to D4 scales, the carbon market and the crude oil futures market exhibit similar volatility frequencies, indicating strong volatility spillover effects. Based on these findings, it is recommended that the trading volume of the carbon market be gradually increased to improve market liquidity. Furthermore, the risk monitoring and early warning mechanisms of China's National Carbon Market should be improved. For carbon-emitting companies, enhancing awareness of carbon asset management and making informed investment and hedging decisions based on the correlation between the two markets is crucial.

Dataset Information

Does market segmentation hinder interregional CO2 flow in China? - Evidence from China's interprovincial MRIO table.

Publications

Does market segmentation hinder interregional CO2 flow in China? - Evidence from China's interprovincial MRIO table.

Similar Datasets

OmicsDI is part of the ELIXIR infrastructure

Tweets