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openness and energy consumption. The research findings do not support a possible decoupling between economic growth and energy … consumption, so that energy conservation policies are expected to have a negative impact on economic growth. Therefore, the use of … environmentally friendly and renewable energy sources, such as solar, hydro and wind power, should be further encouraged instead of …
Persistent link: https://www.econbiz.de/10011111375
The goals of this paper are to 1) simulate the ex-ante riskiness of purchasing a TCC, and 2) evaluate the efficiency of the TCC market in New York State to determine if there is evidence of under-pricing. Three VAR models are estimated using only market data available before the auction. This...
Persistent link: https://www.econbiz.de/10011115889
We examine the impacts of energy price shocks on U.S. agricultural productivity growth and commodity prices' volatility … estimate the model. Our results indicate that an energy price shock has a negative impact on productivity growth in the short … run (1year). An energy price shock and an agricultural productivity shock each account for about 10% of U.S. agricultural …
Persistent link: https://www.econbiz.de/10011115914
methodologies in modeling complexities of residential energy use, addressing the “variety” from the three Vs of big data. Suggesting … a non-linear modeling schema to analyze household energy use, the paper develops its discussion around the repercussions … of the use of non-linear modeling in energy policy and planning. Planners / policy-makers are not often equipped with the …
Persistent link: https://www.econbiz.de/10011161223
EUAs are European Union Allowances traded on the EU Emissions Trading Scheme (EU ETS), while Certified Emissions Reductions (CERs) arise from the Clean Development Mechanism under the Kyoto Protocol. These emissions assets attract an increasing attention among brokers, investors and operators on...
Persistent link: https://www.econbiz.de/10008636367
EUAs are European Union Allowances traded on the EU Emissions Trading Scheme (EU ETS), while Certified Emissions Reductions (CERs) arise from the Clean Development Mechanism under the Kyoto Protocol. These emissions assets attract an increasing attention among brokers, investors and operators on...
Persistent link: https://www.econbiz.de/10008563129
This article investigates the cointegrating and vector autoregressive relationships in CO2 allowances spot and futures prices, valid for compliance under the EU Emissions Trading Scheme (EU ETS). Our empirical analysis yields to reject a cointegrating relationship between CO2 spot and futures...
Persistent link: https://www.econbiz.de/10008465221
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using … is evidence of bidirectional causality between CO2 emissions and economic growth. Economic growth and trade openness are … financial development to economic growth and from trade openness to CO2 emissions is identified. Our empirical results also …
Persistent link: https://www.econbiz.de/10011208280
Persistent link: https://www.econbiz.de/10011455891
Persistent link: https://www.econbiz.de/10011904983