分布式能源2025，Vol.10Issue(1)：23-31,9.DOI:10.16513/j.2096-2185.DE.(2025)010-01-0023-09
碳-新能源市场尾部风险溢出效应研究
Research on Tail Risk Spillover Effect of Carbon Market and New Energy Market
摘要
Abstract
Exploring the risk spillovers of carbon market and new energy market is of great significance for preventing market risks and maintaining the healthy and stable operation of carbon markets and new energy markets.Tail-event driven network model is used to construct the carbon-new energy system,and the tail risk spilover effect of carbon market and new energy market is analyzed from different perspectives such as system,market and individual.The results show that the overall correlation between carbon and new energy system has obvious cyclical characteristics,and the sudden extreme events will increase the risk correlation degree.During the sample period,the risks absorbed by the carbon market from the new energy market are greater than those transmitted to the new energy market,and the carbon market and the photovoltaic sub-market are more closely related.With the improvement of carbon market and new energy market,the number of associated edges in the window period of local extreme point gradually increases,and the network structure becomes more and more complex.When the overall correlation degree is at the local maximum,the carbon market and photovoltaic sub-market mainly play the role of risk spillover channel,and the wind power and new energy vehicle sub-market have the function of spillover and bidirectional spillover.Finally,suggestions are put forward from the perspectives of risk prevention and control,market construction and supervision and management.关键词
碳市场/新能源市场/尾部风险溢出效应/尾部事件驱动网络Key words
carbon market/new energy market/tail risk spillover effect/tail-event driven network分类
能源与动力引用本文复制引用
王喜平,于萍..碳-新能源市场尾部风险溢出效应研究[J].分布式能源,2025,10(1):23-31,9.基金项目
河北省社会科学基金项目(HB23ZT008) This work is supported by Hebei Social Science Fund Project(HB23ZT008) （HB23ZT008）
