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Emissions Compliances and Carbon Prices under the EU ETS: A Country Specific Analysis of Industrial Sectors

dc.contributor.authorChèze, Benoît
dc.contributor.authorChevallier, Julien
HAL ID: 7536
dc.contributor.authorAlberola, Emilie
dc.date.accessioned2010-05-26T12:23:20Z
dc.date.available2010-05-26T12:23:20Z
dc.date.issued2009
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/4224
dc.language.isoenen
dc.subjectIndustrial productionen
dc.subjectCO2 emissionsen
dc.subjectCarbon pricingen
dc.subjectEmissions Tradingen
dc.subjectEU ETSen
dc.subject.ddc333en
dc.subject.classificationjelL11en
dc.subject.classificationjelL16en
dc.subject.classificationjelQ48en
dc.subject.classificationjelQ54en
dc.titleEmissions Compliances and Carbon Prices under the EU ETS: A Country Specific Analysis of Industrial Sectorsen
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherUniversity of Paris 1;France
dc.contributor.editoruniversityotherEconomiX-CNRS, University of Paris 10;France
dc.description.abstractenThis article critically examines the impact of industrial production for sectors covered by the EU Emissions Trading Scheme (EU ETS) on emissions allowance spot prices during Phase I (2005-2007). We find evidence that the effect of industrial production activity on EU carbon price changes shall be analysed in conjunction with production peaks and compliance net short/long positions. The results extend previous literature by showing that carbon price changes react not only to energy prices forecast errors and extreme temperature events, but also to industrial production in two sectors covered by the EU ETS: combustion and iron. Based on a country-specific analysis, after disentangling the effects of industrial production peaks and CO2 emissions compliance at the EU 24 level, we capture the effects of the variation of industrial production on EU carbon price changes in Germany, Poland, Spain and the UK.
dc.relation.isversionofjnlnameJournal of Policy Modeling
dc.relation.isversionofjnlvol31en
dc.relation.isversionofjnlissue3en
dc.relation.isversionofjnldate2009-05
dc.relation.isversionofjnlpages446-462en
dc.relation.isversionofdoihttp://dx.doi.org/10.1016/j.jpolmod.2008.12.004en
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherElsevieren
dc.subject.ddclabelEconomie de la terre et des ressources naturellesen


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