Research on the Correlation Between WTI Crude Oil Futures Price and European Carbon Futures Price

Research on the Correlation Between WTI Crude Oil Futures Price and European Carbon Futures Price

In recent years, the rapid increase in CO2 concentration has accelerated global warming. As a result, sea levels rise, glaciers melt, extreme weather occurs, and species become extinct. As the world’s largest CO2 emission rights trading market, EU Emissions Trading System (EU-ETS) has reached 1.855...

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Bibliographic Details
Main Authors: Zhengwei Ma, Yuxin Yan, Ruotong Wu, Feixiao Li
Format: Article
Language:English
Published: Frontiers Media S.A. 2021-08-01
Series:Frontiers in Energy Research
Subjects:
carbon neutral
WTI crude oil
European carbon futures
STR model
non-linear relationship
Online Access:https://www.frontiersin.org/articles/10.3389/fenrg.2021.735665/full

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