Search results for "EU ETS"
showing 3 items of 3 documents
Emission Trading in a High Dimensional Context: To What Extent Carbon Markets are Integrated with the Broader System?
2023
The following work will provide further insights into the influence of European Emission Allowance (EUA) prices on carbon dioxide trends and relevant variables of the economic-financial climate-environmental system considering a large set of time series. The methodological approach will employ Hierarchical Vector Autoregression by W. B. Nicholson et al. (2020) deal with a high-dimensional context. Results of the two specifications highlighted how CO2 appears to be more influenced by commodity prices, climate variables, along with past industrial performances. Furthermore, a shock of carbon prices could potentially exert significant turbulence on the carbon dioxide series, fading in intensit…
Opening the black box of accounting for Greenhouse Gas Emissions: The different views of institutional bodies and firms
2018
Abstract This paper highlights the current accounting approaches to greenhouse gas (GHG) emissions. In particular, it explores and critically discusses the treatment of emission rights (ER) under carbon trading schemes from two distinct angles. On the one hand, it reviews the domestic solutions adopted by accounting bodies and, on the other, it examines current practices followed by firms in the European Energy Exchange (EEX). Regarding the former group, there are substantial differences, which would suggest some potential difficulties in finding a common solution for the future. Not surprisingly, there is still a diversity of approaches with regard to how firms report ER. Although the most…
Behavioral aspects of the European carbon market
2016
TEMA: El tema de esta tesis doctoral está basado en el campo de las finanzas del comportamiento en donde se proponen teorías basados en la psicología para explicar las anomalías del mercado de valores. Dentro de las finanzas del comportamiento, se supone que la estructura de la información y las características de los participantes del mercado influyen sistemáticamente en las decisiones de inversión de los individuos, así como en los resultados del mercado. Así pues, durante todo el estudio se analizaran ciertos comportamientos psicológicos que podrían afectar al comportamiento del mercado del carbono europeo y que de demostrarse su presencia alteraría la racionalidad de dicho mercado finan…