Yang Yu
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
Yang Yu has a total of 4 co-authors. Here are the top co-authors by number of shared publications:
- Danni Yang
School of Economics, Hangzhou Normal University, Hangzhou 311121, China
1 shared publication - Qinyi Fu
School of Economics, Hangzhou Normal University, Hangzhou 311121, China
1 shared publication - Shaolong Zeng
School of Economics, Hangzhou Normal University, Hangzhou 311121, China
1 shared publication - Yihua Tian
Hangzhou Economist Association, Hangzhou 311121, China
1 shared publication
Latest Publications
- Open Access
- 25 January 2023
- Published by MDPI AG in Sustainability
- Vol. 15 (3) , 2203
The Influencing Factors of the Carbon Trading Price: A Case of China against a “Double Carbon” Background
The Carbon trading price (CTP) can best reflect the fluctuations of the carbon trading market. This paper comprehensively analyzes the CTP mechanism of China’s carbon trading market, discusses the main factors affecting China’s CTP, which include macroeconomic factors, energy price factors, policy factors, and environmental factors, and provides three hypotheses. In order to highlight and test the three hypotheses about the CTP, five representative carbon trading pilot markets were included: Beijing, Shenzhen, Shanghai, Hubei, and Guangdong, and the daily average price data (over years) were adapted from January 2017 to December 2021, using a dynamic heterogeneous panel PMG model. The current paper selects the China air quality index (AQI), Bohai-Rim steam-coal price index (BSPI), Liquefied natural gas index (LNGI), and the Shanghai stock exchange industrial index (SSEII) as the explanatory variables. The empirical results show that there is a long-term equilibrium relationship between the CTP, AQI, energy price, and macroeconomics. Strengthening environmental governance, optimizing the energy structure, and expanding the carbon trading market coverage should be adopted to improve the China carbon emission trade exchange (CCETE) and stabilize the CTP.
- 25 January 2023
- Published by MDPI AG in Sustainability
- Vol. 15 (3) , 2203
Open AccessThe Influencing Factors of the Carbon Trading Price: A Case of China against a “Double Carbon” Background
The Carbon trading price (CTP) can best reflect the fluctuations of the carbon trading market. This paper comprehensively analyzes the CTP mechanism of China’s carbon trading market, discusses the main factors affecting China’s CTP, which include macroeconomic factors, energy price factors, policy factors, and environmental factors, and provides three hypotheses. In order to highlight and test the three hypotheses about the CTP, five representative carbon trading pilot markets were included: Beijing, Shenzhen, Shanghai, Hubei, and Guangdong, and the daily average price data (over years) were adapted from January 2017 to December 2021, using a dynamic heterogeneous panel PMG model. The current paper selects the China air quality index (AQI), Bohai-Rim steam-coal price index (BSPI), Liquefied natural gas index (LNGI), and the Shanghai stock exchange industrial index (SSEII) as the explanatory variables. The empirical results show that there is a long-term equilibrium relationship between the CTP, AQI, energy price, and macroeconomics. Strengthening environmental governance, optimizing the energy structure, and expanding the carbon trading market coverage should be adopted to improve the China carbon emission trade exchange (CCETE) and stabilize the CTP.