Author(s)

Fusen Shen

Corresponding Author

Fusen Shen

ABSTRACT

In this paper, under the policy environment of "carbon neutrality" and "carbon peak", the literature review is firstly conducted to describe domestic and international carbon trading and policy situation. Then, the closing price of the concept plate "CSI Mainland Low carbon Economy Theme index" represents the enterprise environment under the low-carbon environment. The GARCH model is used to study the volatility of the stock market. Then select economic uncertainty index and trade uncertainty index to represent the impact of policy factors, based on the GARCH-MIDAS model to analyze, finally draw a conclusion.

KEYWORDS

Volatility, Policy factors, Economic uncertainty