Climate protection scenarios are a key part of long-term climate policy planning, which has been given a further boost by the Paris Agreement. The modelling performed in such scenarios informs the development of 2050 national climate strategies—which themselves serve as roadmaps for the...

This book explores the microstructure of carbon markets and the pricing of carbon financial instruments generally. It provides a critical microstructure analysis of the EU Emissions Trading Scheme (EU-ETS), and also examines the theoretical and related market design issues affecting emissions...

This paper examines the time-frequency spillovers and connectedness network between European ETS and the sustainability markets. Empirically, we rely on the Baruník and Křehlík (2018) Diebold and Yilmaz (2012) spillover index to measure the time-varying spillovers, directional spillover, net...

Die Untersuchung beginnt mit einem allgemeinen Teil. Dieser führt in die Problematik der Internalisierung externer Kosten allgemein und speziell im Abfallbereich ein und umreißt das Spannungsfeld, in dem sich Handeslunternehmen aufgrund der aktuellen Umweltpolitik und -gesetzgebung befinden....

The European Green Deal, initiated by the EU Commission, is a package of measures aimed at decarbonization and sustainable economic development with the goal of making the European Union climate neutral by 2050. To achieve this goal, the emission reductions target must be increased from 40...