The Spillover Effect among CET Market, Coal Market, and New Energy Market for Dual-Carbon Target: New Evidence from China

Table 4

Total spillover connectivity between the major CET markets.

	SZA	SHEA	HBEA	GDEA	BEA	FROM
SZA	67.31	18.13	8.16	1.87	4.52	6.54
SHEA	14.53	66.39	0.87	0.43	17.77	6.72
HBEA	18.12	14.67	60.29	2.14	4.78	7.94
GDEA	19.34	20.06	18.33	36.87	5.41	12.63
BEA	5.9	13.95	1.46	1.44	77.24	4.55
TO	11.58	13.36	5.77	1.18	6.5	38.38