The mechanism of coal-electricity price linkage is a key issue in electricity and coal market reform in China. In this paper we study the impact of the coal-electricity price linkage mechanism on the profit margin of the Chinese power generation company GENCO based on a game model. The results...

Energy efficiency is an important factor in developing energy policies as it represents the extent to which resources support economic output. In recent literature, relevant studies have mainly focused on aggregate energy efficiency, but rarely touched on the marginal efficiency of diverse...

This paper builds a system dynamics model to simulate the effect of China’s strategic petroleum reserve (SPR) on stabilizing the domestic oil price. By setting the sensitivity of the market to the domestic oil price and the increase in international oil price, this paper discusses three...

Many studies, as well as historical events, indicate that oil price shocks affect the macro economy of a country. In this paper we build a Chinese Computable General Equilibrium (CGE) model, with which we simulate the impact on the Chinese economy of international crude oil price when it rises...

Many studies, as well as historical events, indicate that oil price shocks affect the macro economy of a country. In this paper we build a Chinese Computable General Equilibrium (CGE) model, with which we simulate the impact on the Chinese economy of international crude oil price when it rises...

Coal is the principal primary energy source in China. Research on coal demand is vital for informing China's economic development. In this paper, the theoretical structural break of coal demand was tested using annual time series data from 1980 to 2006. Results indicate that coal demand...

Value at risk, an effective measurement of financial risk, can be used to forecast the risk associated with oil price movements. In this paper, we propose an improved Historical Simulation Approach, EDFAAF, which is based on a former approach, HSAF. By comparing it with the HSAF approach, we...

The aim of this research was to examine the structural changes of European carbon futures price under the European Union Emissions Trading Scheme during 2005-2012. More specifically, by relying on the daily EU allowance futures contract, we investigate the structural changes of the European...

Mastering the underlying characteristics of carbon price changes can help governments formulate correct policies to keep efficient operation of carbon markets, and investors take effective measures to evade their investment risks. Empirical mode decomposition (EMD), a self-adaption data analysis...

In general, due to inherently high complexity, carbon prices simultaneously contain linear and nonlinear patterns. Although the traditional autoregressive integrated moving average (ARIMA) model has been one of the most popular linear models in time series forecasting, the ARIMA model cannot...