Carbon Credits: Who is the Leader of the Pack?
AbstractWe 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.
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Bibliographic InfoArticle provided by Econjournals in its journal International Journal of Energy Economics and Policy.
Volume (Year): 3 (2013)
Issue (Month): 3 ()
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Web page: http://www.econjournals.com
European Union Allowances; Certified Emission Reductions; co-integration; pricediscovery; high frequency data; intraday analysis;
Find related papers by JEL classification:
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
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