Academic Journal of Business & Management, 2024, 6(11); doi: 10.25236/AJBM.2024.061102.
Bokang Ma, Raofeng Guo, Xiqing Wang, Feiheng Zhu
College of Business and Economics, Shanghai Business School, Shanghai, China
China has actively developed a green economy and integrated the carbon emission trading market into its national strategic development. As a core part of the carbon trading market, the carbon trading price is crucial for improving the carbon emission rights market. Shanghai's carbon emission trading market is relatively mature, and studying the influencing factors of its carbon emission trading price is of great significance for the development of China's carbon market. This paper uses the VAR model to analyze the influencing factors of carbon emission trading prices in Shanghai. The results show that macroeconomic factors, energy price factors, and climate and environmental factors have significant impacts on the price. Macroeconomic and energy price factors have a negative impact on carbon prices, while the air quality index has a positive impact.
Shanghai Carbon Emissions Trading, Price Influencing Factors, VAR Model
Bokang Ma, Raofeng Guo, Xiqing Wang, Feiheng Zhu. Research on the Influencing Factors of Carbon Emission Trading Prices. Academic Journal of Business & Management (2024) Vol. 6, Issue 11: 7-13. https://doi.org/10.25236/AJBM.2024.061102.
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