Sökning: "EUA carbon market"

Hittade 5 uppsatser innehållade orden EUA carbon market.

1. 1. The Risk Spillover Effect Between the EUA Carbon Market and Carbon-intensive Sectors in European Stock Markets

   Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

   Författare :Yuhan Chen; Hsin-Ying Chiu; [2023]
   Nyckelord :Risk spillover; EUA carbon market; Carbon-intensive sectors; European stock markets; Diebold and Yilmaz model.; Business and Economics;

   Sammanfattning : This study examines the risk spillover effect between European emission allowance (EUA) carbon price and the indices of energy-intensive industries in the stock market in the European countries. To achieve this, we employ the Diebold and Yilmaz model to investigate both the static and dynamic risk spillover effect and discuss the impact of the economic conditions and policy changes on the carbon market. LÄS MER

3. 2. Hedging the Term Structure Risk of Carbon Allowance Derivatives : An Application of Stochastic Optimisation to EUA Market Making

   Master-uppsats, Linköpings universitet/Produktionsekonomi

   Författare :Nikolas Tsigkas; [2022]
   Nyckelord :Commodity Derivatives; Emissions Trading; Term Structure; Nonparametric Curve Estimation; Hedging; Stochastic Optimisation; Monte Carlosimulation; Market Microstructre; Systematic Risk Factors;

   Sammanfattning : The initiative by the EU to combat global warming through the introduction of a cap-and-trade system for greenhouse gas emissions in 2005, known as the EU Emissions Trading System (ETS), resulted in the inception of a new financial market. The right to emit one tonne of CO2-equivalents, as well as derivatives on this right, have become commodities, traded both through exchanges and over the counter. LÄS MER

4. 3. The Impact of a Carbon Dioxide Price on Green Innovation : An Econometric Study Based on Patent Counts

   Uppsats för yrkesexamina på avancerad nivå, Luleå tekniska universitet/Institutionen för ekonomi, teknik och samhälle

   Författare :Linus Johansson; Linus Nilsson; [2020]
   Nyckelord :the EU ETS; Green innovation; Patent Count; Induced innovation; Negative Binomial model;

   Sammanfattning : The aim of this study is to examine the effects of a market-based greenhouse gases price on green innovation by testing the Hicksian theory of induced innovation. To test whether causality exists, panel data compiled of 30 countries over 13 years (2005-2017) have been used. LÄS MER

5. 4. Effects of Carbon Pricing on EU Equity Markets

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Andrii Shekhirev; [2011]
   Nyckelord :emissions trading; EU ETS; vector autoregression; VECM; Granger causality;

   Sammanfattning : The current work examines whether the price changes of European Union Allowance (EUA) contracts for emitting carbon dioxide affect the price dynamics of the European equity markets. The author uses the Vector Autoregressive (VAR) and Vector Error Correction (VECM) models in four specifications to investigate the linkages between the EUA market and major stock indexes of 27 EU countries which are participating in the second phase of the European Emissions Trading System. LÄS MER

7. 5. Carbon Risk in the Light of the Changing EU ETS

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :Helen Tiits; [2009-08-21]
   Nyckelord :;

   Sammanfattning : The establishment of the EU emission trading scheme (EU ETS) has internalised climate change risk into carbon risk, to which companies are becoming increasingly exposed. Understanding the market is essential for good risk management. However, the many uncertainties present in the market are difficult to grasp and make it hard to quantify the risk. LÄS MER