Estimation of carbon emissions is very important not just for companies but also for governments and policymakers. In this paper I provide an emission estimation model for an energy-producing company based on spot market prices. The company will produce energy and emit carbon-dioxide at a given...

Probability density function (pdf) for (weighted) sum of n correlated lognormal variables is deducted. The method uses joint pdf of multivariate correlated lognormal variables and an extended method of convolution. The formula contains (n-1)-fold integral, which can be evaluated by numerical...