This study investigates the intricate relationship between the carbon market and energy markets, focusing on volatility spillover and dynamic correlation dynamics. Through empirical analysis and statistical modeling, the research examines how fluctuations in the carbon market affect energy markets and vice versa, shedding light on the interconnectedness and interdependencies between these markets. By analyzing historical data and employing advanced econometric techniques, the study quantifies volatility spillover effects and explores the time-varying correlation patterns between carbon and energy markets. The findings offer valuable insights into the transmission mechanisms of market shocks and the evolving nature of market dynamics in the context of climate change mitigation efforts and energy transition. Understanding these dynamics is crucial for policymakers, investors, and market participants seeking to navigate and manage risks in carbon and energy markets effectively.

This study explores the application of corporate branding principles to develop effective city brand strategies, thereby shaping urban identity. Drawing on insights from both corporate branding and place branding literature, this research proposes a framework termed "Urban Identity Craftsmanship." This framework emphasizes the strategic alignment of a city's brand with its unique identity, values, and aspirations, mirroring corporate branding practices in the context of urban environments. By employing corporate branding techniques such as brand positioning, identity development, and stakeholder engagement, cities can cultivate distinctive brand identities that resonate with residents, visitors, investors, and other stakeholders. Through an integrated approach to city branding, informed by corporate branding principles, cities can enhance their competitiveness, attract investment, and foster civic pride.