This report explores the determinants of short run price movements in the carbon market and their interaction with energy markets, in particular with the electricity market. Focusing on Phase 2 of the EU ETS we conduct econometric time series analysis based on continental EU and UK market data. Our findings suggest that market fundamentals have a dominant effect on the EUA price, but that non-fundamental ...
Dessau-Roßlau:
Umweltbundesamt,
2012,
IV, 34 S.
(Climate Change ; 2012,11)
| Katja Schumacher, Johanna Cludius, Felix Christian Matthes, Jochen Diekmann, Aleksandar Zaklan, Joachim Schleich