Chevallier, Julien; Ielpo, Florian; Mercier, Ludovic - In: Energy Policy 37 (2009) 1, pp. 15-28
This article evaluates the impact of the 2006 compliance event on changes in investors' risk aversion on the European carbon market using the newly available option prices dataset. Thus, we aim at capturing the specific event that occurred on April 2007 as the European Commission disclosed the...