On the efficiency of the European carbon market:New evidence from Phase II

Daskalakis, George ORCID: https://orcid.org/0000-0003-4421-7167 (2013) On the efficiency of the European carbon market:New evidence from Phase II. Energy Policy, 54. pp. 369-375.

Full text not available from this repository.

Abstract

I examine in the period 2008-2011 the efficiency of four carbon dioxide (CO2) emission allowance futures traded in the Intercontinental Exchange (ICE). To this end, I assess the profitability of trading strategies based on simple technical analysis rules and naïve forecasts. The results from 2010 onwards are consistent with weak market efficiency. In turn, this finding suggests that the European carbon market is gradually attaining a state of maturity.

Item Type:	Article
Uncontrolled Keywords:	emission allowances,eu emissions trading scheme,market efficiency,carbon markets,phase ii,technical analysis,trading strategies
Faculty \ School:	Faculty of Social Sciences > Norwich Business School
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Finance Group
Depositing User:	Elle Green
Date Deposited:	14 Feb 2013 12:19
Last Modified:	23 Oct 2022 00:02
URI:	https://ueaeprints.uea.ac.uk/id/eprint/41220
DOI:	10.1016/j.enpol.2012.11.055

Actions (login required)

View Item