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...

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Bibliographic Details
Published in:Energies (Basel) 2020-11, Vol.13 (21), p.5642
Main Authors: Wang, Jiqiang, Liu, Yinpeng, Fan, Ying, Guo, Jianfeng
Format: Article
Language:English
Subjects:
Air conditioning
Carbon
Datasets
Emissions
Emissions trading
EU ETS
Futures market
industry
Motorcycles
network
Steam electric power generation
trading
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Summary: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.
ISSN:1996-1073
1996-1073
DOI:10.3390/en13215642