The Spillover Effect among CET Market, Coal Market, and New Energy Market for Dual-Carbon Target: New Evidence from China

Figure 6

Dynamic to-connectedness for the CET market, the new energy market, the coal market, and traditional energy market in China. The rolling window width W is 100 weeks, the predictive horizon H is 100 weeks, and VAR lag order is 2 weeks. We note that the scales of y-axis for subfigures are different. (a) CET (CET market). (b) CSINE (new energy market). (c) COAL (steam coal market). (d) ASEI (traditional energy market).

(a)

(b)

(c)

(d)