The CO2 trading market in Europe:A financial perspective

Daskalakis, G., Ibikunle, G. and Diaz-Rainey, I. (2011) The CO2 trading market in Europe:A financial perspective. In: Financial Aspects in Energy. Springer-Verlag Berlin Heidelberg, pp. 51-67. ISBN 978-3-642-19708-6

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Abstract

The trading of carbon dioxide (CO2) emission allowances, or permits, has been established in recent years as one of the primary mechanisms for tackling global warming and climate change. The European Union (EU) has taken an important initiative in this direction by establishing in 2003 the first ever mandatory cap-and-trade system for CO2 permits: the EU Emissions Trading Scheme (EU ETS). The purpose of this paper is to initially provide a brief introduction to the EU ETS and subsequently assess its operation during the years 2005-2010 from a financial market perspective. The in-sights gained through this analysis are particularly important not only for policy makers and market stakeholders but also for the growing community of the so-called ‘carbon’ investors.

Item Type: Book Section
Uncontrolled Keywords: carbon finance,emission allowances,emissions trading,eu ets
Faculty \ School: Faculty of Social Sciences > Norwich Business School
Depositing User: Nicola Secker
Date Deposited: 08 Apr 2011 09:33
Last Modified: 22 Jul 2020 23:44
URI: https://ueaeprints.uea.ac.uk/id/eprint/28611
DOI: 10.1007/978-3-642-19709-3_4

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