dioxide emissions, emissions from non-renewable energy sources increase at the time of announcement. There are two channels … behind this effect. First, since a binding constraint on emissions restricts energy use during some period of time, more must …

This paper investigates the impact of the yearly announcement of realized emissions on the European carbon permit … provide evidence that the emissions announcement has an outstanding information content for the market compared to other …

protect firms' profits and equity values. Thus, the government needs to grandfather only a small percentage of CO2 emissions … permits or, similarly, must exempt only a small fraction of emissions from the base of a carbon tax. These policies involve a …

protect firms' profits and equity values. Thus, the government needs to grandfather only a small percentage of CO2 emissions … permits or, similarly, must exempt only a small fraction of emissions from the base of a carbon tax. These policies involve a …

European carbon allowance prices and cross-sectional heterogeneity in carbon emissions during Phase 3 of the European Union … Emissions Trading Scheme (EU ETS). We find that the relationship between carbon prices and stock prices depends critically on … the proportion of verified emissions covered by emission permits: For firms with a significant shortfall in emissions …

institutional features of the EU Emissions Trading System (ETS) and high-frequency data on more than 2,000 publicly listed European …