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文章基本信息

  • 标题:Carbon Credits: Who is the Leader of the Pack?
  • 本地全文:下载
  • 作者:Vicente Medina ; Angel Pardo ; Roberto Pascual
  • 期刊名称:International Journal of Energy Economics and Policy
  • 电子版ISSN:2146-4553
  • 出版年度:2013
  • 卷号:3
  • 期号:3
  • 页码:210-220
  • 语种:English
  • 出版社:EconJournals
  • 摘要:We provide the first intraday analysis on the contribution to price discovery of two emissions carbon credits: European Union Allowances (EUAs) and Certified Emission Reductions (CERs). We find that EUAs lead price discovery but CERs play a growing role and, therefore, should not be ignored. Keywords: European Union Allowances; Certified Emission Reductions; co-integration, price-discovery; high frequency data; intraday analysis. JEL Classifications: G10
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