Publikation:Price Determinants of the European Carbon Market and Interactions with Energy Markets
Klima | Energie, Wirtschaft | Konsum

Price Determinants of the European Carbon Market and Interactions with Energy Markets


This report explores the determinants of short run price movements in the carbon market and their interaction with energy markets, in particular with the electricity market. Focusing on Phase 2 of the EU ETS we conduct econometric time series analysis based on continental EU and UK market data. Our findings suggest that market fundamentals have a dominant effect on the EUA price, but that non-fundamental factors may also play a role. We further found that the electricity price has a significant positive impact on the carbon price in the short run.

Reihe
Climate Change | 11/2012
Seitenzahl
43
Erscheinungsjahr
Autor(en)
Katja Schumacher, Johanna Cludius, Felix Matthes, Jochen Diekmann, Aleksandar Zaklan, Joachim Schleich
Sprache
Englisch
FKZ
3709 41 503
Verlag
Umweltbundesamt
Dateigröße
2955 KB
Preis
0,00 €
Druckversion
nicht lieferbar
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Schlagworte:
 price control  carbon market  EU energy market  Emission Trading