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...

The European low-carbon transition began in the last few decades and is accelerating to achieve net-zero emissions by 2050. This paper examines how climate-related transition indicators of a large European corporate firm relate to its CDS-implied credit risk across various time horizons....

This paper provides an empirical assessment of the impact of rising gas and carbon prices on European electricity prices. Using a comprehensive data set of hourly power market data of 14 European countries, we estimate the impact of gas and carbon prices on electricity prices for the years 2018...

This paper provides an empirical assessment of the impact of rising gas and carbon prices on European electricity prices. Using a comprehensive data set of hourly power market data of 14 European countries, we estimate the impact of gas and carbon prices on electricity prices for the years 2018...