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-fund…weiterlesen