Causes of the EU ETS price drop: Recession, CDM, renewable policies or a bit of everything? - New evidence

By Nicolas Koch, Sabine Fuss, Godefroy Grosjean, Ottmar Edenhofer. 2014

427 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Environmental Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/799708e5f02393dce75c52f16049c8dec847000b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Environmental Engineering

In Renewable Energy, Sustainability and the Environment

Citations in the corpus

Price and Market Behavior in Phase II of the EU ETS: A Review of the Literature (2014, background): “Koch et al. (2014) and Fell, Hintermann, and Vollebergh (2015) find the influence of the coal price to be insignificant. Empirical studies that use energy prices to explain allowance price dynamics commonly rely on one price to represent oil, gas, and coal. However, the coal market is still much les”
Carbon Pricing in the EU: Evaluation of Different EU ETS Reform Options (2016, neutral): “Since the demand for allowances was lower than expected and decreased over time (largely due to the ‘Great Recession’ that started in 2008), downward pressure on the EUA price occurred (Koch et al., 2014).”
Research on carbon market price mechanism and influencing factors: a literature review (2018, background): “Laing et al. (2014) concluded that the pass-through rate of carbon prices in electricity sectors in EU-ETS varied from countries to countries, with the lowest rate at 5% and the highest at 100%.”
On the Economics of a Carbon Tax for the United States (2019, neutral): “Prices from the 2008 – 2012 period are from Koch et al. (2014). Euro prices are converted to dollars at the rate of $1.15 per euro, the exchange rate as of Jan. 10, 2019. 17 The announcement of allowances in circulation was published at https://ec.europa.eu/clima/news/ets‐market‐ stability‐reserve”
Corporate Carbon and Financial Performance: A Meta‐analysis (2018, background): “Moreover, it has been argued that due to the rather low allowance prices in the EU ETS there is only little incentive for companies to invest in low-carbon technologies (Koch et al. 2014).”