Explaining European emission allowance price dynamics: Evidence from Phase II

Research, Preprint English OPEN
Wilfried Rickels; Dennis Görlich; Gerrit Oberst;
  • Publisher: Kiel Institute for the World Economy (IfW) Kiel
  • Subject: Emissionshandel | C22 | Wertpapieranalyse | Konjunktur | Carbon price influence factors | EU-Staaten | Carbon emission trading, EU ETS, Carbon price influence factors, Fuel switching | Fuel switching | G14 | Wetter | EU ETS | Energiepreis | Q54 | Preis | Schätzung | Carbon emission trading
    • jel: jel:C22 | jel:G14 | jel:Q54
      ddc: ddc:330

In 2005, the European Emission Trading Scheme (EU-ETS) established a new commodity: the right to emit a ton of CO2 (EUA). Since its launch, the corresponding price has shown rather turbulent dynamics, including nervous reactions to policy announcements and a price colla... View more
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