Bushnell, James B.; Mansur, Erin; Chong, Howard - Iowa State University of Science and Technology <Ames, … - 2010
We investigate the eect of cap-and-trade regulation of CO2 on rm prots byperforming an event study of a CO2 price crash in the EU market. We examinereturns for 90 stocks from carbon intensive industries and 600 stocks in the broadEUROSTOXX index. Firms in carbon intensive, or electricity...
