The objective of this article is to evaluate the fundamentals of the carbon emission market of European Union Emissions Trading System (EU-ETS) as well as to analyze the price determinants of transferable emissions permits (PET) of the markets. To this end, the main infrastructural components...

We analyze the impact on energy investments stemming from different emission permit classes, by considering permits that are allocated inside the European Emission Trading Scheme and secondary Certified Emission Reduction (sCER) permits originating from the Clean Development Mechanism. One price...

Emissions trading markets have been touted as the most efficient mechanism to achieve environmental goals at least cost. Whether in the form of voluntary markets or in a mandatory framework like in the first phase of the European Union (EU) Emission Trading Scheme (ETS), the regulator sets a cap...