Skip to main content

Advertisement

Log in

Research on carbon price in emissions trading scheme: a bibliometric analysis

  • Original Paper
  • Published:
Natural Hazards Aims and scope Submit manuscript

Abstract

Based on the Web of Science database, this paper uses the bibliometric method to analyze the characteristics of the most relevant studies of carbon price in emissions trading scheme. Researchers have shed light on this research field since 1994. The USA and China occupy the leading research position in this field. The most productive journal is Energy Policy and the most productive author is Chevallier J. Chinese Academy of Sciences is the institution with the most publications related to carbon price. Cooperation analysis shows that the cooperation between authors, institutions and countries is constantly growing. We find out that carbon price fluctuation, influencing factors of carbon price, price mechanism of the carbon market, theory analysis of carbon pricing policy and carbon price effects are the main areas of research focus. Also, we detect that different policies, emissions level and energy prices are the main influencing factors on carbon price.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Fig. 1
Fig. 2
Fig. 3
Fig. 4
Fig. 5
Fig. 6

Similar content being viewed by others

Notes

  1. TS = [(“carbon market*” or “carbon emission*” or “carbon emission* trad*” or “carbon emission right*” or “carbon trad*” or “ETS” or “emission trad* scheme” or “emission* trad*” or “emission permits trade” or “trad* permit*” or “pilot carbon market*” or “allowance market”) AND (“carbon dioxide pric*” or “carbon pric*” or “emission* pric*” or “pric* mechanism” or “permit* pric*” or “allowance* pric*” or “quota* pric*” or “transmission mechanism”)].

  2. It should be noted that the UK in this study refers to England, Scotland, Wales and Northern Ireland. “China” refers solely to Mainland China, and papers from Hong Kong, Macao and Taiwan are excluded.

References

  • Aatola P, Ollikainen M, Toppinen A (2013) Price determination in the EU ETS market: theory and econometric analysis with market fundamentals. Energy Econ 36(3):380–395

    Article  Google Scholar 

  • Alberola E, Chevallier J, Chèze B (2008) Price drivers and structural breaks in European carbon prices 2005–2007. Energy Policy 36(2):787–797

    Article  Google Scholar 

  • Baranzini A, van den Bergh JC, Carattini S et al (2017) Carbon pricing in climate policy: seven reasons, complementary instruments, and political economy considerations. Wiley Interdiscip Rev Clim Change 8(4):e462

    Article  Google Scholar 

  • Benz E, Trück S (2009) Modeling the price dynamics of emission allowances. Energy Econ 31(1):4–15

    Article  Google Scholar 

  • Chevallier J (2009) Carbon futures and macroeconomic risk factors: a view from the EU ETS. Energy Econ 31(4):614–625

    Article  Google Scholar 

  • Chevallier J (2011) Carbon price drivers: an updated literature review. Int J Appl Logist 4(4):1–7

    Article  Google Scholar 

  • Chevallier J (2013) Understanding the link between aggregated industrial production and the carbon price. Green Energy Technol 164:111–132

    Google Scholar 

  • Cong RG, Wei YM (2010) Potential impact of (CET) carbon emissions trading on China’s power sector: a perspective from different allowance allocation options. Energy 35(9):3921–3931

    Article  Google Scholar 

  • Cong RG, Wei YM (2012) Experimental comparison of impact of auction format on carbon allowance market. Renew Sustain Energy Rev 16(6):4148–4156

    Article  Google Scholar 

  • Daskalakis G, Markellos RN (2008) Are the European carbon markets efficient? Rev Futures Mark 17(2):103–128

    Google Scholar 

  • Fan JH, Todorova N (2017) Dynamics of china’s carbon prices in the pilot trading phase. Appl Energy 208:1452–1467

    Article  Google Scholar 

  • Feng ZH, Zou LL, Wei YM (2011) Carbon price volatility: evidence from EU ETS. Appl Energy 88(3):590–598

    Article  Google Scholar 

  • Hu YJ, Han R, Tang BJ (2017) Research on the initial allocation of carbon emission quotas: evidence from china. Nat Hazards 85(2):1189–1208

    Article  Google Scholar 

  • International Carbon Action Partnership (2017) Emissions trading worldwide: status report 2017. https://icapcarbonaction.com/. Accessed 1 Oct 2017

  • Laing T, Sato M, Grubb M et al (2014) The effects and side-effects of the EU emissions trading scheme. Wiley Interdiscip Rev Clim Change 5(4):509–519

    Article  Google Scholar 

  • Li J, Fan J, Zhao D, Wang S (2014) Allowance price and distributional effects under a personal carbon trading scheme. J Clean Prod 103:319–329

    Article  Google Scholar 

  • Nicholson M, Biegler T, Brook BW (2011) How carbon pricing changes the relative competitiveness of low-carbon baseload generating technologies. Energy 36(1):305–313

    Article  Google Scholar 

  • Oberndorfer U (2009) EU emission allowances and the stock market: evidence from the electricity industry. Ecol Econ 68(4):1116–1126

    Article  Google Scholar 

  • Perino G, Willner M (2017) EU-ETS phase IV: allowance prices, design choices and the market stability reserve. Clim Policy 17(7):936–946

    Article  Google Scholar 

  • Pizer WA (2002) Combining price and quantity controls to mitigate global climate change. J Public Econ 85(3):409–434

    Article  Google Scholar 

  • Pradhan BK, Ghosh J, Yao YF et al (2017) Carbon pricing and terms of trade effects for China and India: a general equilibrium analysis. Econ Model 63:60–74

    Article  Google Scholar 

  • Qiu JP (1988) Bibliometrics. Science and Technical Documentation Press, Beijing (in Chinese)

    Google Scholar 

  • Rubin JD (1996) A model of intertemporal emission trading, banking, and borrowing. J Environ Econ Manag 31(3):269–286

    Article  Google Scholar 

  • Springer U (2003) The market for tradable GHG permits under the Kyoto protocol: a survey of model studies. Energy Econ 25(5):527–551

    Article  Google Scholar 

  • Stern DI, Pezzey JCV, Lambie NR (2012) Where in the world is it cheapest to cut carbon emissions? Aust J Agric Resour Econ 56(3):315–331

    Article  Google Scholar 

  • Sugino M, Arimura TH, Morgenstern RD (2013) The effects of alternative carbon mitigation policies on Japanese industries. Energy Policy 62(7):1254–1267

    Article  Google Scholar 

  • Tang BJ, Gong PQ, Shen C (2017) Factors of carbon price volatility in a comparative analysis of the EUA and sCER. Ann Oper Res 255:157–168

    Article  Google Scholar 

  • Wagner G, Kåberger T, Olai S et al (2015) Energy policy: push renewables to spur carbon pricing. Nature 525(7567):27–29

    Article  Google Scholar 

  • Wang K, Wei YM (2014) China’s regional industrial energy efficiency and carbon emissions abatement costs. Appl Energy 130(C):617–631

    Google Scholar 

  • Wei YM (2010) Carbon finance and carbon market. Science Press, Beijing (in Chinese)

    Google Scholar 

  • Wei YM, Mi ZF, Huang Z (2014) Climate policy modeling: an online SCI-E and SSCI based literature review. Omega 57:70–84

    Article  Google Scholar 

  • Weitzman ML (1974) Prices vs. quantities. Rev Econ Stud 41(4):477–491

    Article  Google Scholar 

  • Yu H, Wei YM, Tang BJ et al (2016) Assessment on the research trend of low-carbon energy technology investment: a bibliometric analysis. Appl Energy 184:960–970

    Article  Google Scholar 

  • Zhang YJ, Wei YM (2011) Interpreting the complex impact of fossil fuel markets on the EU ETS futures markets: an empirical evidence. Manag Rev 6:34–41

    Google Scholar 

  • Zhang YJ, Wang AD, Tan W (2015) The impact of China’s carbon allowance allocation rules on the product prices and emission reduction behaviors of ETS-covered enterprises. Energy Policy 86(1):176–185

    Article  Google Scholar 

  • Zhang K, Wang Q, Liang QM, Chen H (2016) A bibliometric analysis of research on carbon tax from 1989 to 2014. Renew Sustain Energy Rev 58:297–310

    Article  Google Scholar 

  • Zhu B, Wang P, Chevallier J et al (2015) Carbon price analysis using empirical mode decomposition. Comput Econ 45(2):195–206

    Article  Google Scholar 

Download references

Acknowledgements

We gratefully acknowledge the financial support from the National Natural Science Foundation of China (Grant Nos. 71573013, 71642004), Special Items Fund for Cultivation and Development of Beijing Creative Base (Grant No. Z171100002217023), Key Project of Beijing Social Science Foundation Research Base (Grant No. 15DJA084), National Key R&D Program (Grant No. 2016YFA0602603) and Special Items Fund of Beijing Municipal Commission of Education.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Bao-Jun Tang.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Ji, CJ., Li, XY., Hu, YJ. et al. Research on carbon price in emissions trading scheme: a bibliometric analysis. Nat Hazards 99, 1381–1396 (2019). https://doi.org/10.1007/s11069-018-3433-6

Download citation

  • Received:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s11069-018-3433-6

Keywords

Navigation