Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Influence on Carbon Emission Price in Europe

Authors
Danning Zhao1, *
1School of Social Science, University of Manchester, Manchester, M13 9PL, UK
*Corresponding author. Email: 2016150260@jou.edu.cn
Corresponding Author
Danning Zhao
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_82How to use a DOI?
Keywords
Carbon emission price; EUA; VIX index; Interest rate; Day-of-the-week effect
Abstract

To achieve carbon neutralization, a carbon price is applied to encourage reducing carbon emissions and pollution. Yet the existing literature rarely considers the influence of investors’ attitudes, exchange rate, and day-of-the-week effects on carbon emission prices. This paper investigated the impacts of the mentioned influences using a regression model from January 2020 to January 2022. We employed the CBOE VIX index as a measurement for investors’ attitudes and sourced the price of EUA MO1 to represent the carbon emission price. Also, we analyzed the daily ratio of Euro to US Dollars as the impact of interest rate. We find that investors’ attitude and the exchange rate has a positive relation to carbon emission prices, whereas day-of-week effects have a significantly negative impact on carbon emission prices.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
978-94-6463-052-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_82How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Danning Zhao
PY  - 2022
DA  - 2022/12/27
TI  - Influence on Carbon Emission Price in Europe
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 720
EP  - 726
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_82
DO  - 10.2991/978-94-6463-052-7_82
ID  - Zhao2022
ER  -