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The Impact of Industry on European Union Emissions Trading Market—From Network Perspective

Author

Listed:
  • Jiqiang Wang

    (College of Management and Economics, Tianjin University, Tianjin 300072, China)

  • Yinpeng Liu

    (Institutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, China)

  • Ying Fan

    (School of Economics & Management, Beihang University, Beijing 100191, China)

  • Jianfeng Guo

    (Institutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, China)

Abstract

This study pioneers to investigate the impact of industry on the European Union carbon trading market based on network perspective. All the accounts in the European Union Emissions Trading System (EU ETS) are summarized at the industry level, and then the trading relationship between industries is constructed in the network layout. Based on this network, the centrality of each industry is measured—the industries of electricity, gas, steam and air conditioning supply (EGSAS), bank, broker, exchange, and wholesale trade excluding motor vehicles and motorcycles (WTEM) have higher centrality. Finally, the impact of industry on the evolution of networks is analyzed, Findings show that the financial intermediaries play important roles at the beginning of each phase, while their influences on the network will decrease as the market goes on. On the contrary, influences of some other industries like WTEM are gradually increasing.

Suggested Citation

  • Jiqiang Wang & Yinpeng Liu & Ying Fan & Jianfeng Guo, 2020. "The Impact of Industry on European Union Emissions Trading Market—From Network Perspective," Energies, MDPI, vol. 13(21), pages 1-16, October.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:21:p:5642-:d:436174
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    References listed on IDEAS

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    Keywords

    EU ETS; industry; trading; network;
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