Price and Market Behavior in Phase II of the EU ETS: A Review of the Literature

By B. Hintermann, Sonja Peterson, Wilfried Rickels. Review of Environmental Economics and Policy, 2014

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Pass-Through of CO2 Emission Costs to Hourly Electricity Prices in Germany (2016, background): “8 For a literature review about allowance price determination in the EU ETS, refer to Hintermann et al. (2016). Finally, the vector of dummies Dt in (6) includes dummies for hours when heat-optimized combined power and heat (CPH) plants are marginal, and when residual demand is negative.”
Dynamics of China’s carbon prices in the pilot trading phase (2017, background): “Hintermann et al. (2016) provide a summary of the empirical literature on carbon allowance prices since phase II of the EU-ETS and highlight the roles of economic activity, growth announcements, and energy prices in the dynamics of the carbon prices in Europe.”