The impact of the coronavirus disease (COVID‐19) outbreak on global stock markets is investigated by analyzing the impact of the COVID‐19 pandemic on the stock markets of 15 countries selected from Asia, Europe, Latin America, and North America. Using extremal dependence tests of contagion, it is found that contagion effects are widespread to global equity markets in four regions. Latin America and North America are highly exposed to contagion risks, followed by Europe, with Asia being least vulnerable. Based on the time window of the crisis severity index, it is found that Latin America is most likely to be affected. The results confirm that for countries with more severe epidemics, there are stronger contagion effects. Therefore, for the governing authorities of various countries, if they want to prevent the contagion of financial crises during the pandemic, strong and timely epidemic prevention measures are very necessary.
In order to address a series of issues, including energy security, global warming, and environmental protection, China has ranked first in global renewable investment for the seventh consecutive year. However, developing a renewable energy industry requires a significant capital investment. Also, the international oil price fluctuations have an important impact on the stock prices of renewable energy firms. Thus, in order to provide implications for market investment as well as policy recommendations, this paper studied the spillover effect of international oil prices on the stock prices of China’s renewable energy listed companies. We used a Vector Autoregressive (VAR) model with innovations using a Factor-GARCH (Generalized Autoregressive Conditional Heteroskedasticity) process to evaluate the impact of market co-movements and time-varying volatility and correlation between the international oil price and China’s renewable energy market. The results show that the international oil price has a significant price spillover effect on the stock prices of China’s renewable energy listed companies. Moreover, the fluctuations of international oil prices have an influence on the stock price variations of Chinese renewable energy listed companies.
China greenhouse gas inventories show that CO2 emissions from the lime industrial process are large scales and closely related to the development of its downstream industries. Therefore, there is high importance to analyze and forecast on reducing China’s CO2 emissions from lime industrial process. The aims of this paper are to make up the research gaps in China and provide a quantitative reference for related authorities to formulate relevant policies. The prediction method in this paper is consistent with the published national inventory, which is an activity data based method to predict carbon dioxide emissions from the industrial process of four categories of lime products. Three future scenarios are assumed. The business as usual scenario (BAU) is a frozen scenario. There are two emission reduction scenarios (ERS and SRS) assumed under different emission reduction strength considering combined industrial process CO2 emission reduction approaches from both the production side and the consumption side. The results show that between 2020 and 2050, China’s lime industrial process has an increasingly significant CO2 emission reduction potential, enabling both emission intensity reductions and total emission reductions to be achieved simultaneously. Based on the simulation results from emission reduction scenarios, compared with 2012 level, in 2050, the emission intensity can be reduced by 13–27%, the total lime production can be reduced by 49–78%, and the CO2 emissions in the lime industrial process can be reduced by 57–85%.
CO 2 emissions from industrial processes are the main components of global greenhouse gas emissions. Based on analyzing the industrial activity level, technological progress, raw material substitution, and CO 2 recycling ratio from the cement, aluminum, ammonia, steel, lime, and ferroalloy industries, this paper considers three scenarios, namely, national determined contribution (NDC), carbon mitigation scenario (CMS), and deep mitigation scenario (DMS), and systematically explores the CO 2 emissions from future industrial processes as well as relevant cumulative emissions, emission sources, mitigation potentials, and mitigation sources in China. The results demonstrate that CO 2 emissions of the six main industrial processes can be continuously and significantly reduced in China. In the scenarios, compared with the 2020 level (1448 million metric tons of CO 2 ), the CO 2 emissions can be reduced by 71%, 82%, and 94%, respectively, in 2060, mainly owing to the reduction of the activity level, the adjustment of the product structure and the application of carbon capture and storage (CCS) under the DMS scenario. This paper provides several major policy implications to reduce the CO 2 emissions through adjusting the industrial structure and current lifestyles, improving the durability of industrial products and the management and technical levels, increasing the substitution ratio of low-carbon raw materials in industrial production, supporting innovative low-carbon technologies, the establishment and operation of the carbon market and carbon pricing mechanism, and further promoting the current "leader" system of energy-intensive industries.
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