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

Figure 7

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

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(b)

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