This study examines the risk spillovers between energy futures prices and Europe-based
carbon futures contracts. We use a Markov regime-switching dynamic correlation …

Much attention has been paid to the complex risk transmission between carbon and energy
markets along with the increasing global financial market integration. This research thus …

This paper explores effective hedging instruments for carbon market risk. Examining the
relationship between the carbon futures returns and the returns of four major market indices …

Even though carbon futures as a new asset have attracted the attention of scholars, there
have been few attempts to investigate potential benefits of investing in carbon credits. In this …

There is an intricate relationship between the carbon, energy, and electricity markets, and it
is essential to clarify the relationship between them to promote the sustainable development …

In this study the volatility spillover between stock market returns (Shanghai stock exchange,
Nikkei stock exchange and Bombay stock exchange) and crude oil returns in the top three …

The Phase III of the European Union Emission Trading System (EU ETS) is significantly
different from the previous Phases in terms of price trajectory and operational mechanism …

This article undertakes eight hedging models (Regression, MD-GARCH, BEKK-GARCH,
CCC-GARCH, ECM-MD, ECM-BEKK, ECM-CCC, and state space models) to investigate …

We study the feasibility of hedging stocks with oil. The Dynamic Conditional Correlation
(DCC) approach allows for the calculation of optimal hedge ratios and corresponding hedge …

This paper empirically investigates both price and volatility spillover effects in a
comprehensive VEC–MGARCH framework. The hedging strategy is further discussed using …