We assess the integration dynamics on the European carbon futures market at both the intraday and daily levels. We focus on EUA futures contracts that can be traded on three trading platforms: the Intercontinental-European Climate Exchange (ICE-ECX), the NASDAQ OMX (formerly Nord Pool) and the...

In our decade-long international study of controversial publicly-traded companies in tobacco, alcohol, and gambling industries, we find that their performance is distinctly influenced by the legal framework compared to their non-controversial peers. Not only controversial firms do not outperform...

This study examines the predictive impact of climate conditions and electricity demand on hourly spot prices of emissions allowances during the first three phases of the European Union Emissions Trading System (EU ETS) (2005-2019). We propose an original methodology for constructing...