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Putting a Price on Carbon – Econometric Essays on the European Union Emissions Trading Scheme and its Impacts
(Valtion taloudellinen tutkimuskeskus VATT, 2013-03-20)
This dissertation examines the main instrument of the European Union climate policy, the emissions trading scheme (EU ETS) during its first years. Emission trading provides a cost-efficient way to reduce emissions. It ...
Informational Efficiency of the EU ETS market – a study of price predictability and profitable trading
(Valtion taloudellinen tutkimuskeskus VATT, 2012-03-22)
We study the informational efficiency of the European Emissions Trading Scheme, EU ETS market by simulating the trading in this emerging market. If the market is efficient, profitable trading should only exist locally in ...