To help overcome the challenge of growing CO 2 emissions, China is experimenting with
market-based instruments, including pilot CO 2 emissions trading systems (ETSs) in seven …

Abstract Emissions Trading Systems (ETSs) with fixed caps lack provisions to address
systematic imbalances in the supply and demand of permits due to changes in the state of …

We investigate how the volatility of carbon emission allowance (EUA) prices affects
European stock market sectors. We employ a connectedness network analysis on prices of …

We investigate liquidity and market efficiency on the world's largest carbon exchange,
IntercontinentalExchange Inc.'s European Climate Exchange (ECX), by using intraday short …

We develop an equilibrium model of emissions permit trading in the presence of fixed and
proportional trading costs in which the permit price and firms' participation in and extent of …

We use the time-varying parameter structural vector autoregression stochastic volatility (TVP-
SVAR-SV) and causality-in-quantiles methods to explore the linkage between market …

Weak liquidity and low spot prices for carbon are critical problems facing China's carbon
markets. This study aims to quantify the liquidity of China's carbon markets under different …

Different from the previous studies that evaluated the degrees of carbon market efficiency as
constant, the novelty of this work is to capture degrees of market efficiency that are time …

We study the impact of a supply management mechanism (SMM) similar to the Market
Stability Reserve proposed in 2015 which preserve the overall emissions cap and we …

In this article, we deal with optimal dynamic carbon emission regulation of a set of firms. On
the one hand, the regulator dynamically allocates emission allowances to each firm. On the …