Hammoudeh, Shawkat; Nguyen, Duc Khuong; Sousa, Ricardo M. - Institut de Préparation à l'Administration et à la … - 2014
(v) a positive shock to the electricity prices reduces the price of the CO2 allowances. We also find that the energy … substitution between the three primary sources of energy (i.e., crude oil, natural gas and coal), particularly, when electricity …