Treating carbon emission rights as tradable commodities is a major institutional innovation
in the carbon market's response to climate change. The level of carbon emissions from …

In this paper we analyze the short-term spot price behavior of carbon dioxide (CO2)
emission allowances of the new EU-wide CO2 emissions trading system (EU ETS). After …

China has developed its own domestic carbon markets by setting up emission trading
schemes. This study addresses concerns about the functioning of these schemes and the …

This paper constitutes–to our best knowledge–the first econometric analysis on stock market
effects of the EU Emission Trading Scheme (EU ETS). Our results suggest that EU Emission …

Carbon market becomes increasingly popular as a cost-effective instrument to mitigate CO 2
emissions. However, its construction is a learning-by-doing process, and needs consistent …

One of the most profound features of electricity spot prices are the price spikes. Markov
regime-switching (MRS) models seem to be a natural candidate for modeling this spiky …

The paper investigates the volatility spillover across China's carbon emission trading (CET)
markets using the connectedness method based on the quantile VAR framework. The non …

The electricity sector is the largest participant in the European Union Emissions Trading
Scheme (EU-ETS). This paper studies how the European Union Allowance (EUA) market …

Textbook theory of linking carbon systems suggests linking reduces marginal abatement
costs. Contrasting theoretical work and policy analyses suggests that linking, or at least …

Abstract Since the South Korean government enacted the Emission Trading Scheme (ETS),
companies have been striving to simultaneously improve productivity and reduce carbon …