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Evaluating emission trading as a policy tool : evidence from conditional jump models
Gronwald, Marc; Ketterer, Janina - 2009
This paper, first, empirically investigates European emission allowance (EUA) prices and, second, evaluates emission trading as a policy measure. Applying combined jump GARCH models yields strong evidence of conditional jump behavior. This implies that EUA prices are subject to unexpected...
Persistent link: https://www.econbiz.de/10003854402
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The European Union's potential for strategic emissions trading through minimal permit sale contracts
Eyckmans, Johan; Hagem, Cathrine - 2009
Strategic market behavior by permit sellers will harm the European Union as the EU as a whole is expected to become a … strategically in the permit market on behalf of its member states, although each member state is assumed to behave as a price taker … in the permit market. Using a stylized numerical simulation model we show that an appropriately designed permit trade …
Persistent link: https://www.econbiz.de/10003888057
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Understanding the latest wave and future shape of regional trade and cooperation agreements in Asia
Bhattacharyay, Biswanath (contributor) - 2006
Persistent link: https://www.econbiz.de/10003457169
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Trade, conflicts, and political integration : the regional interplays
Vicard, Vincent (contributor) - 2006
Persistent link: https://www.econbiz.de/10003395368
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The dependence structure between carbon emission allowances and financial markets : a copula analysis
Gronwald, Marc; Ketterer, Janina; Trück, Stefan - 2011
This paper applies different copulas in order to investigate the complex dependence structure between EU emission allowance (EUA) futures returns and those of other commodities, equity and energy indices. The analysis yields important insights into the relationship between carbon, commodities...
Persistent link: https://www.econbiz.de/10009011778
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How free trade can help convert the 'Arab Spring' into permanent peace and democracy
Thorvaldur Gylfason; Martínez, Inmaculada; Wijkman, … - 2012
Europe between democratically governed States with market economies. After six countries established the European Community …
Persistent link: https://www.econbiz.de/10009571054
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What moves the European carbon market? : insights from conditional jump models
Gronwald, Marc; Ketterer, Janina - 2012
emissions trading market. Based on the application of a combined jump-GARCH model the behavior of EUA prices is characterized …
Persistent link: https://www.econbiz.de/10009533967
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Carbon pricing in the EU : evaluation of different EU ETS reform options
Brink, Corjan; Vollebergh, Herman R. J.; Van der Werf, Edwin - 2015 - This version: November 24, 2015
This paper studies various options to support allowance prices in the EU Emissions Trading System (ETS), such as adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to EU ETS. We use a dynamic computable general equilibrium model that explicitly allows...
Persistent link: https://www.econbiz.de/10011392634
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Fiscal and regulatory instruments for clean technology development in the European Union
Dechezleprêtre, Antoine; Popp, David - 2015
This policy note investigates whether the current level of public support to environment-friendly technologies is sufficient to allow European countries to respond to the multiple challenges posed by climate change and other environmental concerns. We first lay out the justifications for...
Persistent link: https://www.econbiz.de/10010519926
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The European Union emissions trading system and the market stability reserve : optimal dynamic supply adjustment
Kollenberg, Sascha; Taschini, Luca - 2015
model the emissions market under adjustable allowance supply in a stochastic partial equilibrium framework and obtain closed … allocation adjustment rate and the market equilibrium dynamics, which allows us to represent the quantity thresholds as quantiles …
Persistent link: https://www.econbiz.de/10010531103