Research on the efficiency of carbon trading market in China

X Zhao, L Wu, A Li - Renewable and Sustainable Energy Reviews, 2017‏ - Elsevier
In 2014, China proposed medium and long-term low carbon development goals in China-
US Joint Statement on Climate Change that the emission of carbon dioxide would reach its …

Price and Market Behavior in Phase II of the EU ETS: A Review of the Literature

B Hintermann, S Peterson… - Review of Environmental …, 2016‏ - journals.uchicago.edu
Since 2005, the EU ETS has provided a market-based price signal for European carbon
emissions. This article reviews the literature on the formation of carbon allowance prices …

Equilibrium pricing for carbon emission in response to the target of carbon emission peaking

Z Huang, H Dong, S Jia - Energy Economics, 2022‏ - Elsevier
The climate warming effect on global economic output and social sustainability should be
paid adequate attention. Nowadays, the best way is thought as the market-based pricing …

Allowance price drivers in the first phase of the EU ETS

B Hintermann - Journal of Environmental Economics and Management, 2010‏ - Elsevier
In the first phase of the EU Emissions Trading Scheme (EU ETS), the price per ton of CO2
initially rose to over€ 30; the price then collapsed to essentially zero by mid 2007. By …

Modeling CO2 emission allowance prices and derivatives: Evidence from the European trading scheme

G Daskalakis, D Psychoyios, RN Markellos - Journal of Banking & Finance, 2009‏ - Elsevier
This paper studies the three main markets for emission allowances within the European
Union Emissions Trading Scheme (EU ETS): Powernext, Nord Pool and European Climate …

Energy efficiency and economic policy: Comprehensive theoretical, empirical, and policy review

M Mushafiq, MMK Arisar, H Tariq, S Czapp - Energies, 2023‏ - mdpi.com
In this paper, we analyze the role of economic policy in prompting energy efficiency. This
study reviews three aspects, theoretical, empirical, and existing policies to evaluate the …

Catching two European birds with one renewable stone: Mitigating climate change and Eurozone crisis by an energy transition

F Creutzig, JC Goldschmidt, P Lehmann… - … and Sustainable Energy …, 2014‏ - Elsevier
The threat of climate change and other risks for ecosystems and human health require a
transition of the energy system from fossil fuels towards renewable energies and higher …

Understanding volatility dynamics in the EU-ETS market

ME Sanin, F Violante, M Mansanet-Bataller - Energy Policy, 2015‏ - Elsevier
We study the short-term price behavior of Phase 2 EU emission allowances. We model
returns and volatility dynamics, and we demonstrate that a standard ARMAX-GARCH …

Market power in emission permit markets: Theory and evidence from the EU ETS

B Hintermann - Environmental and Resource Economics, 2017‏ - Springer
A well-known result about market power in emission permit markets is that efficiency can be
achieved by full free allocation to the dominant firm. I show that this result breaks down when …

Trading, storage, or penalty? Uncovering firms' decision-making behavior in the Shanghai emissions trading scheme: Insights from agent-based modeling

Y Wei, X Liang, L Xu, G Kou, J Chevallier - Energy Economics, 2023‏ - Elsevier
The emissions trading scheme (ETS) has become a flagship climatic initiative for regulating
greenhouse gas (GHG) emissions. Under an ETS, the emitting firm must simultaneously …