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Modelling the impact of different permit allocation rules on optimal power plant portfolios

Weber, Christoph; Vogel, Philip; Woll, Oliver - 2007

number of models, the impact of rules for primary permit allocation has so far hardly been focused on. This was mostly seen … permit allocation rules shows that the number of permits allocated to new plants often depends on their fuel and technology … generation technologies, emission constraints, endogenous investment allocation rules and price elasticity of demand. In …

Persistent link: https://www.econbiz.de/10010425878

Modeling the Impact of Different Permit Allocation Rules on Optimal Power Plant Portfolios

Vogel, Philip - 2010

Persistent link: https://www.econbiz.de/10013139407

Non-standard errors in carbon premia

Beyer, Victor; Bauckloh, Michael Tobias - 2024

This research investigates the influence of methodological choices in portfolio sorts on the size of the carbon premium. By analyzing more than 100,000 methodological paths, we find that variations in the construction of brown-minus-green portfolios create substantial non-standard errors. From...

Persistent link: https://www.econbiz.de/10014631855

Asset diversification versus climate action

Hambel, Christoph; Kraft, Holger; Ploeg, Frederick van der - 2020

Asset pricing and climate policy are analyzed in a global economy where consumption goods are produced by both a green and a carbon-intensive sector. We allow for endogenous growth and three types of damages from global warming. It is shown that, initially, the desire to diversify assets...

Persistent link: https://www.econbiz.de/10012258563

Corporate Carbon Emissions Data for Equity and Bond Portfolios

Markwat, Thijs D.; Swinkels, Laurens - 2023

We compare corporate carbon emissions data of four data providers for investment universes relevant for investors in developed and emerging equity markets, as well as investment grade and high yield corporate bond markets. In contrast to Environmental, Social, and Governance sustainability...

Persistent link: https://www.econbiz.de/10014254770

Estimation and performance evaluation of optimal hedge ratios in the carbon market of the European Union Emissions Trading Scheme

Fan, John Hua; Roca, Eduardo; Akimov, Aleksandr V. - In: Australian journal of management 39 (2014) 1, pp. 73-91

Persistent link: https://www.econbiz.de/10010353551

Tradeable Permits in a Policy Portfolio : Institutional Diversity as Evolutionary Advantage?

Woerdman, Edwin; de Vries, Frans P. - 2013

"Standard" environmental economics considers emissions trading to be the most effective and efficient policy instrument to meet the emission target. However, a popular view is that tradeable permits should be part of a policy portfolio, including other instruments, to reach this goal. Support...

Persistent link: https://www.econbiz.de/10014053385

Portfolio benefits of taxonomy orientated and renewable European electric utilities

Cauthorn, Thomas; Klein, Christian; Remme, Leonard; … - In: The journal of asset management : a major new, … 24 (2023) 7, pp. 558-571

Persistent link: https://www.econbiz.de/10014447449

Volatility spillover and hedging strategies between the European carbon emissions and energy markets

Liu, Jian; Hu, Yue; Yan, Li-Zhao; Chang, Chun Ping - In: Energy strategy reviews 46 (2023), pp. 1-19

Much attention has been paid to the complex risk transmission between carbon and energy markets along with the increasing global financial market integration. This research thus uses the DCC-MVGARCH model and spillover index method to investigate volatility linkages between the European carbon...

Persistent link: https://www.econbiz.de/10014538776

Carbon Home Bias of European Investors

Adriaan Boermans, Martijn - 2020

We study how investor's persistent preference to invest more in the home market — “home bias” — is affecting investor's efforts to mitigate risks associated with climate change. When investors have a tendency to tilt their portfolio towards domestic assets, the carbon intensity in the...

Persistent link: https://www.econbiz.de/10012830456