Solier, Boris; Jouvet, Pierre-André - Chaire d'Économie du Climat, Université … - 2011
This paper investigates the link between wholesale electricity prices in Europe and the CO2 cost, i.e. the price of European Union Allowances (EUAs), over the two first phases of the European Union Emissions Trading Scheme (EU ETS). We set up a theoretical framework and an empirical model to...