The dynamic linkages among crude oil price, climate change and carbon price in China

Li, Houjian; Huang, Xinya; Zhou, Deheng; Guo, Lili

doi:10.1016/j.esr.2023.101123

Cited by 9 publications

(1 citation statement)

References 62 publications

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“…The last variable is oil price (OP). West Texas Intermediate (WTI) serves as a measure of this variable because it is the most significant and widely used crude oil pricing benchmark in the world, thus this paper uses WTI oil price, which is collected from U.S. Energy Information Administration (EIA), to measure the fluctuation of OP (Li et al, 2023a). This price has attracted the interest of many scholars in terms of energy prices (Wang et al, 2023c) and unemployment rates (Ahmed et al, 2023).…”

Section: Discussionmentioning

confidence: 99%

Bitcoin Price and Chinese Green Bonds: Evidence From the Qardl Method

Wang,

Wen,

Zhang

et al. 2024

TEDE

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This article primally explores the short-term fluctuation and long-term implications of the international Bitcoin price (BP) on the Chinese green bond (GB) market, within the sample period of 2014:M10–2023:M07. Bitcoin is the most important cryptocurrency and has a carbon-intensive feature, and its price suffers from great volatility and is closely related to the green finance market. Meanwhile, although China is the largest bitcoin mining state, it is pursuing a dual carbon target, which promotes its green bond market’s development. Thus, it is valuable to investigate the influence of BP on GBs in China. Based on the quantile autoregressive distributed lag approach, this paper indicates that the positive and negative impacts of BP on the GB market are significant in the long-term but not apparent in the short-term. These results emphasize the importance for market participants to obtain a better understanding of how BP affects GB under various market circumstances. Implementing specific policies, such as regulatory mechanisms for Bitcoin trade, market-oriented reform for the bond market, and information disclosure, can alleviate shocks from BP and accelerate the development of the GB market.

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Section: Discussionmentioning

confidence: 99%