Caporin, Massimiliano; Fontini, Fulvio; Segato, Samuele - In: International Journal of Financial Studies : open … 9 (2021) 4, pp. 1-15
This paper focuses on the relationship between the European Union Emission Trading System allowances' prices and the Italian electricity price, aiming at assessing whether such a mechanism has been a driver for the decarbonization of the power sector. To this aim, we calculate the long-run...
