Correlation and Dynamic Volatility Spillover between Green Investing Market, Coal Market, and CO<sub>2</sub> Emissions: Evidence from Shenzhen Carbon Market in China

<table class="table-group" id="tab4"><tr><td><table class="table"><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr class="thead"><td class="align_left"> </td><td class="align_center">RCARBON</td><td class="align_center">RCOAL</td><td class="align_center">RGIS</td></tr><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr><td class="align_left">RCARBON</td><td class="align_center">1.0000</td><td class="align_center"> </td><td class="align_center"> </td></tr><tr><td class="align_left">RCOAL</td><td class="align_center">0.0020</td><td class="align_center">1.0000</td><td class="align_center"> </td></tr><tr><td class="align_left">RGIS</td><td class="align_center">–0.0156</td><td class="align_center">0.0557</td><td class="align_center">1.0000</td></tr><tr class="table-tr"><td colspan="4"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Coefficients of unconditional correlations.</div>

Advances in Civil Engineering

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Table 4

Table 4: Correlation and Dynamic Volatility Spillover between Green Investing Market, Coal Market, and CO<sub>2</sub> Emissions: Evidence from Shenzhen Carbon Market in China 

Table 4 | Correlation and Dynamic Volatility Spillover between Green Investing Market, Coal Market, and CO2 Emissions: Evidence from Shenzhen Carbon Market in China 