Simultaneity between commitment periods (2008-2012) of both International and European Emissions Trading schemes may … targets, European governments will adopt an additional policy. It consists in implementing a tax on emissions of non … that could be demanded to non-covered sectors and of the price(s) of carbon. …

This chapter assesses the extent to which economic activity and the carbon price are linked. Carbon price drivers can … macroeconomic activity and the carbon price is recalled, by using the aggregated industrial production as a proxy. An original …

of emissions and the carbon price. On the other hand, the presence of these policies diminishes highly the marginal … reduction of 20% of greenhouse gas emissions (GHG) (2) the saving of 20% of the energy consumption and (3) the share of 20% of … policies on theCO2 emission reduction and the carbon price in 2020.The national objectives for the energy savings and …

Since the creation of the European Union Emissions Trading Scheme (EU ETS) in 2005, a burgeoning academic literature … has emerged to identify the factors that shape the price of carbon, where one European Union Allowance is equal to one ton … variation of the price of carbon: institutional decisions; energy prices and weather events; macroeconomic and financial market …

2020 : (i) the reduction of 20% of greenhouse gas emissions (GHG) (2) the saving of 20% of the European energy consumption … the influence of the CO2 emission reduction targets and on their consequences on the carbon price in 2020. Design … out within the European Emissions Trading Scheme (ETS) in line with the objective of 20% emission reduction.Findings :The …

price levels, moving averages and carbon futures realized volatility measures as exogenous regressors. These results are of …

The European Union Emissions Trading Scheme (EU ETS) is the largest emissions trading scheme to date. This article … summarizes the principle elements behind the trading system, and details the carbon price dynamics during Phase II (2008 …

Pricing carbon is a central concern in environmental economics, due to the importance of emissions trading schemes … futures price. The large jumps have a discrete origin, i.e. they can arise from various demand factors or institutional … that the carbon futures price should be rather modelled as an appropriately sampled, centered Lévy or Poisson process. The …

third one, global, dealing with the global externality and which can be interpreted as the carbon price. Our main … contribution is to show that the uniqueness of the carbon price should still hold in this second best framework. Nevertheless, if … lump-sum transfers between governments are impossible to implement, international differentiation of the carbon price is …

The European Union Emissions Trading System (EU-ETS), presented as the ''flagship'' of European climate policy, is … subject to many criticisms from different stakeholders. Criticisms include the insufficient carbon emissions reduction, the … control over the carbon price. …