Search results for "Clean Development Mechanism"

showing 2 items of 2 documents

EUA and sCER Phase II Price Drivers: Unveiling the reasons for the existence of the EUA-sCER spread

2011

International audience; 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 (CDM). Given the price differences between EUAs and sCERs, financial and industrial operators may benefit from arbitrage strategies by buying sCERs and selling EUAs (i.e. selling the EUA-sCER spread) to cover their compliance position as industrial operators are allowed to use sCERs towards compliance with their emissions cap within the European system up to 13.4%. Our central res…

ArbitrageFinancial economics020209 energy02 engineering and technologyManagement Monitoring Policy and Law7. Clean energyClean Development MechanismEUA-sCER spreadEmissions markets0502 economics and business0202 electrical engineering electronic engineering information engineeringEconomics050207 economicsComputingMilieux_MISCELLANEOUS[SDV.EE]Life Sciences [q-bio]/Ecology environment05 social sciencesInternational economicsMarket microstructure[SHS.ECO]Humanities and Social Sciences/Economics and FinanceGeneral Energy13. Climate actionPosition (finance)[SHS.GESTION]Humanities and Social Sciences/Business administrationKyoto ProtocolArbitrageEmissions trading
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What You Should Know About Carbon Markets

2008

Since the entry into force of the Kyoto Protocol, carbon trading has been in continuous expansion. In this paper, we review the origins of carbon trading in order to understand how carbon trading works in Europe and, specifically, the functioning of the European Union Emission Trading Scheme (EU ETS) and the workings of several spot, futures and options markets where European Union Allowances are traded. As well, the linking of the EU ETS with the other United Nations carbon markets is also studied.

Carbon MarketsControl and OptimizationEnergy Engineering and Power TechnologyEuropean Union Emission Trading Schemelcsh:Technologyjel:Q40Clean Development MechanismEmission TradingOrder (exchange)jel:Qjel:Q43jel:Q42jel:Q41jel:Q48media_common.cataloged_instancejel:Q47Electrical and Electronic EngineeringCarbon creditEuropean unionEuropean Union AllowancesEngineering (miscellaneous)jel:Q49media_commonlcsh:TRenewable Energy Sustainability and the Environmentjel:Q0International economicsjel:Q4Emission Trading; European Union Allowances; Carbon MarketsKyoto ProtocolBusinessEmissions tradingFutures contractEnergy (miscellaneous)Energies
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