Borenstein, Severin; Bushnell, James; Wolak, Frank A.; … - National Bureau of Economic Research (NBER) - 2015
We analyze the demand for emissions allowances and the supply of allowances and abatement opportunities in California's 2013-2020 cap and trade market for greenhouse gases (GHG). We estimate a cointegrated vector autoregression for the main drivers of greenhouse gas emissions using annual data...