By a News Reporter-Staff News Editor at Technology Business Journal -- Fresh data on Technology - Green Technology are presented in a new report. According to news reporting out of Hangzhou, People’s Republic of China, by VerticalNews editors, research stated, “The liquidities of China’s emissions trading markets have significant impacts on emissions allowances price movement and pricing efficiency. Liquidity measures on illiquidity ratio and trade values indicate Hubei emissions allowances (HBEA) product has the highest liquidity, Shenzhen allowances (SZA) and Guangdong emissions allowances(GDEA) products have the higher liquidity than Beijing emissions allowances (BEA) and Shanghai emissions allowances (SHEA) products, while Tianjin emissions allowances (TJEA) product has the lowest market liquidity in considered China’s emissions trading pilots.”
Financial supporters for this research include National Natural Science Foundation of China, China Postdoctoral Science Foundation, Philosophy, Society and Science Planning of Zhejiang province, Zhejiang Provincial Natural Science of China, Humanities and Social Sciences of Ministry of Education of China.
Our news journalists obtained a quote from the research from Zhejiang University, “The dynamics of the illiquidity ratios for all selected emissions allowances products are negatively related with emissions allowances returns, and trade volumes for BEA, TJEA, SZA and HBEA products are also negatively related with emissions allowances returns. The dynamics of daily illiquidity ratios and trade-based liquidity in Beijing, Tianjin, Guangdong, Shenzhen, Hubei emissions pilots have significant volatility clustering impacts on the variances of regional emissions allowances returns.”
According to the news editors, the research concluded: “Previous market shocks of overnight and intraday price variations have the more persistent influences on the GDEA returns than HBEA returns, reflecting greater inter-day price ranges clustering effect.”
For more information on this research see: The impacts of liquidity dynamics on emissions allowances price: Different evidence from China’s emissions trading pilots. Journal of Cleaner Production , 2018;183():786-796. Journal of Cleaner Production can be contacted at: Elsevier Sci Ltd, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, Oxon, England. (Elsevier - www.elsevier.com; Journal of Cleaner Production - http://www.journals.elsevier.com/journal-of-cleaner-production/)
Our news journalists report that additional information may be obtained by contacting K. Chang, Zhejiang Univ Finance & Econ, Collaborat Innovat Center Local Finance, Hangzhou 310018, Zhejiang, People’s Republic of China. Additional authors for this research include S.B. Lu and X.Y. Song.
The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.jclepro.2018.02.150. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.
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CITATION: (2018-05-08), Findings on Green Technology Discussed by Investigators at Zhejiang University (The impacts of liquidity dynamics on emissions allowances price: Different evidence from China’s emissions trading pilots), Technology Business Journal, 483, ISSN: 1945-8401, BUTTER® ID: 015645350
From the newsletter Technology Business Journal.
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