An intuitive portrayal of the correlation between the carbon and energy markets is essential for risk control and green financial investment management.In this paper,we investigate the asymmetric spillovers between th...An intuitive portrayal of the correlation between the carbon and energy markets is essential for risk control and green financial investment management.In this paper,we investigate the asymmetric spillovers between the carbon mar-ket and energy market returns.To achieve that,we improve the Diebold-Yilmaz index model by a time-varying vector autoregressive(TVP-VAR)model.In a unified network,our daily dataset includes the closing prices of the Hubei carbon market,Shenzhen carbon market,coal futures,and energy stock index.The findings reveal that both the Hubei and Shen-zhen pilots typically generate net information spillovers on energy futures.In connection with energy stocks,the Hubei carbon market acts as a net receiver,while the Shenzhen carbon market is a net transmitter.Compared with the Hubei pi-lot,the Shenzhen pilot is more tightly connected to the energy markets.Furthermore,the spillovers of the carbon markets exhibit significant asymmetry.In most cases,they have more substantial impacts on the energy markets when the prices of emission allowances rise.The direction and magnitude of asymmetric spillovers across markets vary over time and can be influenced by certain economic or political events.展开更多
The mechanical and microstructural properties as well as crystallographic textures of asymmetrically rolled low carbon steel were studied.The modelling of plastic deformation was carried out in two scales:in the macro...The mechanical and microstructural properties as well as crystallographic textures of asymmetrically rolled low carbon steel were studied.The modelling of plastic deformation was carried out in two scales:in the macro-scale,using the finite elements method,and in the crystallographic scale,using the polycrystalline deformation model.The internal stress distribution in the rolling gap was calculated using the finite elements method and these stresses were then applied to the polycrystalline elasto-plastic deformation model.Selected mechanical properties,namely residual stress distribution,deformation work,applied force and torques,and bend amplitude,were calculated.The diffraction measurements,X-ray and electron backscatter diffraction,enabled the examination of texture heterogeneity and selected microstructure characteristics.The predicted textures agree well with those determined experimentally.The plastic anisotropy of cold rolled ferritic steel samples,connected with texture,was expressed by Lankford coefficient.展开更多
为解决区域综合能源系统中多主体利益冲突、用户侧分布式储能投资成本高昂、容量利用不均以及碳排放量较高等问题,提出一种基于云储能服务商-综合能源系统运行商(integrated energy system operators,IESO)-负荷聚合商(load aggregators...为解决区域综合能源系统中多主体利益冲突、用户侧分布式储能投资成本高昂、容量利用不均以及碳排放量较高等问题,提出一种基于云储能服务商-综合能源系统运行商(integrated energy system operators,IESO)-负荷聚合商(load aggregators,LA)联盟三层博弈的区域综合能源系统低碳运行策略。首先,构建租赁云储能的IESO与LA的能源交易框架。其次,考虑到多个理性主体对盈利最大化的诉求,建立综合能源系统三层博弈模型。第一层为以IESO为主导者、LA联盟为伴随者的主从博弈;第二层为以云储能服务商为供给者、IESO为接收者的主从博弈;第三层是LA联盟成员之间的合作博弈,并采取非对称纳什议价法分配收益。最后,利用二分法、KKT条件结合交替方向乘子法(alternating direction multiplier method,ADMM)对该模型进行求解。仿真结果表明,该策略不仅能够促进系统低碳运行,而且能够满足各主体的经济性需求。展开更多
基金supported by the National Natural Science Foundation of China(71973001).
文摘An intuitive portrayal of the correlation between the carbon and energy markets is essential for risk control and green financial investment management.In this paper,we investigate the asymmetric spillovers between the carbon mar-ket and energy market returns.To achieve that,we improve the Diebold-Yilmaz index model by a time-varying vector autoregressive(TVP-VAR)model.In a unified network,our daily dataset includes the closing prices of the Hubei carbon market,Shenzhen carbon market,coal futures,and energy stock index.The findings reveal that both the Hubei and Shen-zhen pilots typically generate net information spillovers on energy futures.In connection with energy stocks,the Hubei carbon market acts as a net receiver,while the Shenzhen carbon market is a net transmitter.Compared with the Hubei pi-lot,the Shenzhen pilot is more tightly connected to the energy markets.Furthermore,the spillovers of the carbon markets exhibit significant asymmetry.In most cases,they have more substantial impacts on the energy markets when the prices of emission allowances rise.The direction and magnitude of asymmetric spillovers across markets vary over time and can be influenced by certain economic or political events.
基金Projects(DEC-2011/01/B/ST8/07394,DEC-2011/01/D/ST8/07399)supported by the Polish National Centre for Science(NCN)The support of the Polish Ministry of Science and Higher Education and of the French ANR 05-BLAN-0383 project
文摘The mechanical and microstructural properties as well as crystallographic textures of asymmetrically rolled low carbon steel were studied.The modelling of plastic deformation was carried out in two scales:in the macro-scale,using the finite elements method,and in the crystallographic scale,using the polycrystalline deformation model.The internal stress distribution in the rolling gap was calculated using the finite elements method and these stresses were then applied to the polycrystalline elasto-plastic deformation model.Selected mechanical properties,namely residual stress distribution,deformation work,applied force and torques,and bend amplitude,were calculated.The diffraction measurements,X-ray and electron backscatter diffraction,enabled the examination of texture heterogeneity and selected microstructure characteristics.The predicted textures agree well with those determined experimentally.The plastic anisotropy of cold rolled ferritic steel samples,connected with texture,was expressed by Lankford coefficient.
文摘为解决区域综合能源系统中多主体利益冲突、用户侧分布式储能投资成本高昂、容量利用不均以及碳排放量较高等问题,提出一种基于云储能服务商-综合能源系统运行商(integrated energy system operators,IESO)-负荷聚合商(load aggregators,LA)联盟三层博弈的区域综合能源系统低碳运行策略。首先,构建租赁云储能的IESO与LA的能源交易框架。其次,考虑到多个理性主体对盈利最大化的诉求,建立综合能源系统三层博弈模型。第一层为以IESO为主导者、LA联盟为伴随者的主从博弈;第二层为以云储能服务商为供给者、IESO为接收者的主从博弈;第三层是LA联盟成员之间的合作博弈,并采取非对称纳什议价法分配收益。最后,利用二分法、KKT条件结合交替方向乘子法(alternating direction multiplier method,ADMM)对该模型进行求解。仿真结果表明,该策略不仅能够促进系统低碳运行,而且能够满足各主体的经济性需求。
