Hammoudeh, Shawkat; Nguyen, Duc Khuong; Sousa, Ricardo M. - Núcleo de Investigação em Políticas Económicas … - 2014
-term dynamics of the prices of CO2 emissions in response to changes in the prices of oil, coal, natural gas, electricity and carbon … shock to the prices of the fuel of choice, coal, has virtually no significant impact on the CO2 prices; (iv) there is a … clear positive effect of the coal prices on the CO2 allowance prices when the electricity prices are excluded from the VAR …