The Impact of Industry on European Union Emissions Trading Market—From Network Perspective
This study pioneers to investigate the impact of industry on the European Union carbon trading market based on network perspective. All the accounts in the European Union Emissions Trading System (EU ETS) are summarized at the industry level, and then the trading relationship between industries is c...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2020-10-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/13/21/5642 |
| _version_ | 1797549507998646272 |
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| author | Jiqiang Wang Yinpeng Liu Ying Fan Jianfeng Guo |
| author_facet | Jiqiang Wang Yinpeng Liu Ying Fan Jianfeng Guo |
| author_sort | Jiqiang Wang |
| collection | DOAJ |
| description | This study pioneers to investigate the impact of industry on the European Union carbon trading market based on network perspective. All the accounts in the European Union Emissions Trading System (EU ETS) are summarized at the industry level, and then the trading relationship between industries is constructed in the network layout. Based on this network, the centrality of each industry is measured—the industries of electricity, gas, steam and air conditioning supply (EGSAS), bank, broker, exchange, and wholesale trade excluding motor vehicles and motorcycles (WTEM) have higher centrality. Finally, the impact of industry on the evolution of networks is analyzed, Findings show that the financial intermediaries play important roles at the beginning of each phase, while their influences on the network will decrease as the market goes on. On the contrary, influences of some other industries like WTEM are gradually increasing. |
| first_indexed | 2024-03-10T15:16:43Z |
| format | Article |
| id | doaj.art-46b63aa9bdcf41749035d04c0610ab11 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T15:16:43Z |
| publishDate | 2020-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-46b63aa9bdcf41749035d04c0610ab112023-11-20T18:53:07ZengMDPI AGEnergies1996-10732020-10-011321564210.3390/en13215642The Impact of Industry on European Union Emissions Trading Market—From Network PerspectiveJiqiang Wang0Yinpeng Liu1Ying Fan2Jianfeng Guo3College of Management and Economics, Tianjin University, Tianjin 300072, ChinaInstitutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, ChinaSchool of Economics & Management, Beihang University, Beijing 100191, ChinaInstitutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, ChinaThis study pioneers to investigate the impact of industry on the European Union carbon trading market based on network perspective. All the accounts in the European Union Emissions Trading System (EU ETS) are summarized at the industry level, and then the trading relationship between industries is constructed in the network layout. Based on this network, the centrality of each industry is measured—the industries of electricity, gas, steam and air conditioning supply (EGSAS), bank, broker, exchange, and wholesale trade excluding motor vehicles and motorcycles (WTEM) have higher centrality. Finally, the impact of industry on the evolution of networks is analyzed, Findings show that the financial intermediaries play important roles at the beginning of each phase, while their influences on the network will decrease as the market goes on. On the contrary, influences of some other industries like WTEM are gradually increasing.https://www.mdpi.com/1996-1073/13/21/5642EU ETSindustrytradingnetwork |
| spellingShingle | Jiqiang Wang Yinpeng Liu Ying Fan Jianfeng Guo The Impact of Industry on European Union Emissions Trading Market—From Network Perspective Energies EU ETS industry trading network |
| title | The Impact of Industry on European Union Emissions Trading Market—From Network Perspective |
| title_full | The Impact of Industry on European Union Emissions Trading Market—From Network Perspective |
| title_fullStr | The Impact of Industry on European Union Emissions Trading Market—From Network Perspective |
| title_full_unstemmed | The Impact of Industry on European Union Emissions Trading Market—From Network Perspective |
| title_short | The Impact of Industry on European Union Emissions Trading Market—From Network Perspective |
| title_sort | impact of industry on european union emissions trading market from network perspective |
| topic | EU ETS industry trading network |
| url | https://www.mdpi.com/1996-1073/13/21/5642 |
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