Dynamic and asymmetric effects between carbon emission trading, financial uncertainties, and Chinese industry stocks: Evidence from quantile-on-quantile and causality-in-quantiles analysis

•We investigate the dynamic and asymmetric effects between CET, financial uncertainty, and stocks.•We utilized a novel quantile framework to obtain more comprehensive and accurate results.•CET has a negative effect on most industry stocks in early stage of carbon market.•The dependence structures between CET, financial uncertainty and most industries are asymmetric.•The effects of financial uncertainty on stocks are stronger than CET on stocks.