Ghosh, Bikramaditya; Papathanasiou, Spyros; Dar, Vandita; … - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-16
Incentivizing businesses to lower carbon emissions and trade back excess carbon allowances paved the way for rapid growth in carbon credit ETFs. The use of carbon allowances as a hedging alternative fueled this rally further, causing a shift to speculation and forming repetitive bubbles....