Price determination in the EU ETS market: Theory and econometric analysis with market fundamentals

By Piia Aatola, M. Ollikainen, A. Toppinen. 2013

252 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Global and Planetary Change, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/131d5e0d9ff9ab42a7a80a8eb9775bd5ba6efbf7

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In Economics and Econometrics

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Citations in the corpus

Dynamics of China’s carbon prices in the pilot trading phase (2017, methodology): “In line with the literature that addresses this research question for the EU-ETS (e.g. Chevallier, 2009; Aatola et al., 2013), the analysis is based on regressions of the following form:”
Research on carbon market price mechanism and influencing factors: a literature review (2018, background): “In addition, currently, the influencing factors of carbon price are simply divided or listed (Aatola et al. 2013; Hintermann 2010; Chevallier 2011a, b, 2015) and have not formed a complete system, which makes the analysis of the influencing factors of carbon price not comprehensive.”
Price and Market Behavior in Phase II of the EU ETS: A Review of the Literature (2014, background): “Aatola et al. (2013) and Fell et al. (2014) find a positive influence of the coal price, however, the studies of Lutz et al. (2013), Koch et al. (2014), and Rickels et al. (2014) find either a non-significant or even positive influence of the coal price.”
Causes of the EU ETS price drop: Recession, CDM, renewable policies or a bit of everything? - New evidence (2014, background): “A series of studies empirically analyzes the relevance of the theoretically motivated price drivers in Phase I of the EU ETS (Aatola et al., 2013; Alberola et al., 2008a; Alberola et al., 2008b; Chevallier, 2009; Hintermann, 2010; Mansanet-Bataller et al., 2007).”
Pass-Through of CO2 Emission Costs to Hourly Electricity Prices in Germany (2016, background): “Since phase 2 and the possibility of allowance banking, the allowance price has been found to be affected by changes in stationary variables such as fuel prices or hydro reservoir levels, but not by mean-reverting shocks (Aatola, Ollikainen, and Toppinen 2013; Lutz, Pigorsch, and Rotfuß 2013).”
Forecasting carbon prices in the Shenzhen market, China: The role of mixed-frequency factors (2019, background): “[4] showed that there are no robust causalities between the EUA price and the electricity price.”
Forestry in bioeconomy – smart green growth for the humankind (2014, background): “Under emissions trading schemes, the price of carbon spreads through the whole economy via electricity price, thus changing relative prices in favor of carbon-free solutions in both consumption and production (e.g. Lise et al. 2010; Aatola et al. 2013).”
Risk Spillovers across the Energy and Carbon Markets and Hedging Strategies for Carbon Risk (2016, background): “…economic and energy price drivers of carbon allowances prices (e.g., Mansanet-Bataller et al., 2007; Alberola et al., 2008; Keppler and Mansanet-Bataller, 2010; Kim and Koo, 2010; Bredin and Muckley, 2011; Creti et al., 2012; Aatola et al., 2013; Lutz al., 2013; Sousa and Aguiar-Conraria, 2014).”