Hervé-Mignucci, Morgan; Mansanet-Bataller, Maria; … - Université Paris-Dauphine - 2011
This article studies the price relationships between EU emissions allowances (EUAs) - valid under the EU Emissions Trading Scheme (EU ETS) - and secondary Certified Emissions Reductions (sCERs) - established from primary CERs generated through the Kyoto Protocol's Clean Development Mechanism...