Carbon financial markets underlying climate risk management, pricing and forecasting: Fundamental analysis

Amri, Adil El; Boutti, Rachid; Oulfarsi, Salah; Rodhain, Florence; Bouzahir, Brahim

doi:10.21272/fmir.4(4).31-44.2020

Cited by 26 publications

(4 citation statements)

References 47 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Unlike linear regression, which uses least squares to determine the conditional mean of a specific distribution, considering various changes, quantile regression, firstly, is not based on assumptions about the distribution of the target variable, and secondly, it is more robust to outlier observations (Koenker et al, 2001;SuperDataScience Team, 2021;Aghamohammadi et al, 2022). Consequently, quantile regression is widely used for research in practical fields such as ecology (El Amri et al, 2020;Keliuotytė-Staniulėnienė et al, 2021), health care (Kraft, 2021;Kaya, 2021) and financial economics (Jeon, 2021).…”

Section: Methodological Approachmentioning

confidence: 99%

The effectiveness of the sports management system in Europe: High achievements, public funding and a healthy lifestyle

Koibichuk¹,

Drozd²,

Somogyi³

2022

Economics &Amp; Sociology

View full text Add to dashboard Cite

The article proposes an original approach to evaluating the effectiveness of the sports management system, which differs from the classical linear and non-linear optimization methods due to its use of quantile regression models. Three main indicators were chosen for creating the quantile regressions: (i) number of participants in the Olympic Games - as a feature of the effectiveness of the high-achievement sports; (ii) total number of people engaged in sports - as a feature of an effective mass sports system, which ensures a healthy lifestyle of the population; and (iii) state expenses on recreational and sports services. The quality of quantile regressions was validated by the Fisher test and the two-factor variance analysis. The research focused on the data of 30 European countries, which officially and publicly provide access to statistical reports on these issues. The countries were divided into two groups with above-average and below-average effectiveness of the sports management system. Two hypotheses were proposed and tested in the study. Hypothesis H1 was that the effectiveness of high-achievement sports depends on the amount of state funding for developing the sports industry. Research results confirmed this hypothesis for countries with an above-average level of sports management system effectiveness, but refuted it for the other group. Hypothesis H2 stated that the more massive the development of sport in a country, i.e., the more people are engaged in sports and lead a healthy lifestyle, the more likely this country is to achieve victories in high-achievement sports. This hypothesis was confirmed for both groups of countries.

show abstract

Section: Methodological Approachmentioning

confidence: 99%

The effectiveness of the sports management system in Europe: High achievements, public funding and a healthy lifestyle

Koibichuk¹,

Drozd²,

Somogyi³

2022

Economics &Amp; Sociology

View full text Add to dashboard Cite

show abstract

“…The authors [22], within the framework of the scientific discussion, investigate the issues related to searching for and improving the existing approaches for assessing the impact of CO 2 on the state of the environment and the economic stability of the country, which will allow for the opening of new directions (providing carbon financing for economic entities, developing energy management, etc.) [23,24] in increasing the country's competitiveness and energy security. The study [25] examines the clustering method as one of the tools for solving the ecological and economic problems of waste management and the development of energy-independent regions at the expense of renewable energy sources and ecological innovations.…”

Section: Energy Efficiency and Environmental Determinantsmentioning

confidence: 99%

Convergence of Energy Policies between the EU and Ukraine under the Green Deal Policy

et al. 2023

View full text Add to dashboard Cite

EU countries declared the strategic goal to achieve energy independence and increase energy efficiency. In this case, EU countries have provided a vast range of incentives, mechanisms, and directives to promote energy efficiency. Ukraine as a potential candidate should provide a convergent policy with EU countries to increase energy efficiency. The paper aims to estimate energy efficiency based on the revealed convergent and divergent determinants of energy policies among the EU and Ukraine. The data are compiled from the World Energy Statistics Yearbook, the European Statistical Office, the International Energy Agency, SolAbility agencies, and State Statistics Service of Ukraine. The study applies σ- i β-convergence theory to determine the convergent and divergent determinants of the country’s energy efficiency. The empirical results allow concluding that Ukraine has an average level in the integrated energy efficiency index of the national economy, and the highest value of this index was in 2008. The highest values of energy efficiency were in Sweden and Denmark among EU countries. Besides, the findings confirm that the Ukrainian government should pay attention to divergent determinants (expenditure for environmental protection, pricing for energy resources, etc.) to improve the country’s energy efficiency.

show abstract

“…In 2022, there was a shock jump in energy prices, for which EU countries were not prepared. The lack of a unified foreign energy policy did not allow the EU to quickly form a common energy position on Russia's invasion of Ukraine (Mišík, 2022;El Amri et al, 2020). Somewhat later, a new European plan, RePowerEU, was proposed, one task of which was to reduce dependence on Russian energy resources.…”

Section: Literature Reviewmentioning

confidence: 99%

Factor Analysis Of Energy Security: Net Import Dependency

Kolosok

Kovalenko

2022

SEC

View full text Add to dashboard Cite

This paper analyzes various aspects of energy dependency and identifies the hidden factors behind national energy security. Based on a review of the scientific literature, the factors that reduce energy security in the consumption of natural gas, oil, and nuclear energy generation were identified. One such factor is import dependency on energy resources. Import dependency on energy is a crucial characteristic of energy security and can exacerbate the effects of external aggression, non-competitive behavior, and pressure. Given the energy crisis of 2022, most countries around the world have revised their energy security policies to reduce import dependency by diversifying supplies and reducing dependence on Russian energy resources. The factor analysis of energy dependency ratios, 1990-2020, was used to study the energy security of the EU27 countries. The factor analysis was performed for annual indices calculated using the Eurostat database of “Simplified energy balances.” The paper hypothesized the existence of latent relationships between energy security variables for the twenty-seven EU countries. The hypothesis was verified using Bartlett’s sphericity test and Kaiser-Meyer-Olkin criterion. The results of hypothesis testing showed its statistical significance (the p-value < 0.05) and the possibility of factor analysis. Correspondence indices also indicated the adequacy of possible prediction of a set of variables. The factor analysis was executed in Python using the FactorAnalyzer module (the release 0.4.0). The principal factor extraction and the varimax rotation model were used to obtain the initial solution, preserving the orthogonality of the loading matrix. The factor structure of the model was confirmed for four factors consisting of the twenty-eight elements. The received four factors model allowed us to describe around 80% of the cumulative variance. It was found that each factor separately explained 46.89%, 15.80%, 10.91%, and 6.39% of the variance, respectively.

show abstract

Carbon financial markets underlying climate risk management, pricing and forecasting: Fundamental analysis

Cited by 26 publications

References 47 publications

The effectiveness of the sports management system in Europe: High achievements, public funding and a healthy lifestyle

The effectiveness of the sports management system in Europe: High achievements, public funding and a healthy lifestyle

Convergence of Energy Policies between the EU and Ukraine under the Green Deal Policy

Factor Analysis Of Energy Security: Net Import Dependency

Contact Info

Product

Resources

About