Cross-Correlations between Energy and Emissions Markets: New Evidence from Fractal and Multifractal Analysis

<table>Normal Q-Q plots of returns of oil (a), gas (b), and <svg height="15.5125" id="M180" style="vertical-align:-3.276pt" version="1.1" viewbox="0 0 30.575001 15.5125" width="30.575001" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
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<g transform="matrix(.012,-0,0,-.012,24.188,15.45)"><path d="M412 140l28 -9q0 -2 -35 -131h-373v23q112 112 161 170q59 70 92 127t33 115q0 63 -31 98t-86 35q-75 0 -137 -93l-22 20l57 81q55 59 135 59q69 0 118.5 -46.5t49.5 -122.5q0 -62 -29.5 -114t-102.5 -130l-141 -149h186q42 0 58.5 10.5t38.5 56.5z" id="x32"></path></g>
</svg> (c).</table>

Mathematical Problems in Engineering

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Figure 2

Figure 2: Cross-Correlations between Energy and Emissions Markets: New Evidence from Fractal and Multifractal Analysis 