Abstract

The carbon market relies on market-oriented financial means to solve the problem of carbon emissions. An effective carbon pricing mechanism can improve market efficiency and better serve the implementation of carbon emission reduction. The limited attention of investors increases the uncertainty of carbon market volatility and is an important exogenous factor affecting the price of carbon assets. This study innovatively mines keywords of investor attention on the carbon market through online news texts and eliminates those that have no causal link to carbon price forecasting in order to reduce noise. The results show that the keyword extraction method based on news text mining is better than that of nontext mining. Meanwhile, a carbon price forecasting model based on a particle-swarm-optimization LSTM model structure is constructed, and the forecasting accuracy is improved. The results show that carbon market investors pay more attention to carbon quota supply and demand, carbon prices, environmental change, and the energy market. The results have important implications for the development of effective carbon market policies and risk management.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.