Germany over the horizon 2010-2035. The target is to quantify how fuel and carbon price risk impacts investment incentives of …

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices … expected reversion level and to estimate the parameters of the mean reversion process. -- risk ; carbon dioxide ; emissions …

plausibly exogenous changes in expectations about the level of a carbon tax in Germany. The risk-adjusted return on two … criteria to hedge climate change risk because physical risks have not yet fully materialized and policies to combat climate …