Regulation as determinant of EUA prices

6533b7ddfe1ef96bd1274041

RESEARCH PRODUCT

Regulation as determinant of EUA prices

Maria Mansanet-bataller Maria Eugenia Sanin

subject

Economics and Econometrics General Energy Environmental Engineering Economy Economics European commission European Union Emission Trading Scheme International economics Phase (combat)Supply and demand

description

In this paper we analyse the impact of supply and demand factors on EUA Phase II future prices, with a particular emphasis on the European Commission announcements regarding the organisation of Phase II and Phase III of the European Union Emission Trading Scheme. Using two different methodologies we find strong significance of EC announcements in particular regarding the National Allocation Plans and the cap for Phase III. Our results are particularly relevant to the light of the decisions that the EC must take to achieve the 20-20-20 objectives.

year	journal	country	edition	language
2014-06-12

http://www.scopus.com/inward/record.url?eid=2-s2.0-84907674067&partnerID=MN8TOARS

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