{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,14]],"date-time":"2026-04-14T08:03:40Z","timestamp":1776153820329,"version":"3.50.1"},"reference-count":66,"publisher":"MDPI AG","issue":"11","license":[{"start":{"date-parts":[[2024,10,30]],"date-time":"2024-10-30T00:00:00Z","timestamp":1730246400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"name":"Macau Science and Technology Development Fund (FDCT)","award":["0008\/2022\/ITP"],"award-info":[{"award-number":["0008\/2022\/ITP"]}]},{"name":"Macau Science and Technology Development Fund (FDCT)","award":["FRG-24-076-MSB"],"award-info":[{"award-number":["FRG-24-076-MSB"]}]},{"name":"Faculty Research Grant of Macau University of Science and Technology","award":["0008\/2022\/ITP"],"award-info":[{"award-number":["0008\/2022\/ITP"]}]},{"name":"Faculty Research Grant of Macau University of Science and Technology","award":["FRG-24-076-MSB"],"award-info":[{"award-number":["FRG-24-076-MSB"]}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Systems"],"abstract":"<jats:p>This research investigates the volatility of carbon prices in Guangdong\u2019s emission trading market, a critical element of China\u2019s broader climate strategy aimed at reducing greenhouse gas emissions and promoting sustainable development. This study applies ensemble empirical mode decomposition (EEMD) to analyze the complex interactions between carbon price fluctuations and various economic factors, including energy prices and environmental regulations. By decomposing the data, we identify key trends and cycles within the market, providing a clearer understanding of both short-term volatility and long-term market trends. Our findings reveal that regulatory policies play a pivotal role in shaping carbon market dynamics, with shifts in regulations leading to significant price volatility. Additionally, fluctuations in global energy prices, especially oil and coal, are found to have a considerable impact on carbon price movements, further complicating the market\u2019s stability. This underscores the interconnected nature of the carbon trading market with broader economic and environmental factors, both domestic and international. The findings provide valuable insights for policymakers and market participants, underscoring the importance of stable carbon markets for promoting the transition to a low-carbon economy and achieving broader sustainability goals.<\/jats:p>","DOI":"10.3390\/systems12110458","type":"journal-article","created":{"date-parts":[[2024,10,31]],"date-time":"2024-10-31T09:57:36Z","timestamp":1730368656000},"page":"458","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":6,"title":["Modeling and Analyzing Carbon Emission Market Volatility and Impact: Evidence from Guangdong Province, China"],"prefix":"10.3390","volume":"12","author":[{"given":"Kangye","family":"Tan","sequence":"first","affiliation":[{"name":"School of Business, Macau University of Science and Technology, Macao 999078, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Yumeng","family":"Wu","sequence":"additional","affiliation":[{"name":"School of Business, Macau University of Science and Technology, Macao 999078, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Fang","family":"Xu","sequence":"additional","affiliation":[{"name":"School of Business, Jiangnan University, Wuxi 214122, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Xuanyu","family":"Ji","sequence":"additional","affiliation":[{"name":"School of Business, Macau University of Science and Technology, Macao 999078, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Chunsheng","family":"Li","sequence":"additional","affiliation":[{"name":"School of Business, Macau University of Science and Technology, Macao 999078, China"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"1968","published-online":{"date-parts":[[2024,10,30]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"969","DOI":"10.1080\/14693062.2024.2309167","article-title":"Shipping in the EU emissions trading system: Implications for mitigation, costs and modal split","volume":"24","author":"Floden","year":"2024","journal-title":"Clim. 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