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

<table>The relationship between <svg height="16.6" id="M256" style="vertical-align:-3.50804pt" version="1.1" viewbox="0 0 29 16.6" width="29" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
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</svg> and <svg height="12.1125" id="M257" style="vertical-align:-3.50804pt" version="1.1" viewbox="0 0 8.4750004 12.1125" width="8.4750004" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
<g transform="matrix(.017,-0,0,-.017,.062,7.675)"><path d="M474 429q-19 -69 -47 -222l-65 -347q-8 -49 0 -60t49 -16l26 -3l-4 -26l-246 -12l4 25l17 3q37 6 50 20.5t23 60.5l67 321h-2q-65 -79 -150 -138q-69 -47 -104 -47q-28 0 -48.5 32t-20.5 81q0 78 35 148t90 117q67 57 161 77q23 5 58 5q43 0 90 -15zM387 387
q-30 16 -75 16q-58 0 -92 -27q-49 -39 -78.5 -112t-29.5 -136q0 -34 8.5 -52.5t21.5 -18.5q40 0 109.5 63.5t103.5 115.5q16 53 32 151z" id="x1D45E"></path></g>
</svg> for oil and gas.</table>

Mathematical Problems in Engineering

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Figure 6

Figure 6: Cross-Correlations between Energy and Emissions Markets: New Evidence from Fractal and Multifractal Analysis 