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This paper presents valuation models of emission allowance options under an emission trading scheme, operating in an open trading phase, where unused allowances are banked to subsequent phases without any limit. Empirical studies are carried out to show that allowance option prices exhibit...
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Führungsmächte, insbesondere der beiden großen CO2-Emittenten China und Indien. Aber auch andere regionale Führungsmächte bleiben von …
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