Show simple item record

The European Carbon Market (2005-2007): Banking, Pricing and Risk-Hedging Strategies

dc.contributor.authorChevallier, Julien
HAL ID: 7536
dc.date.accessioned2011-07-26T08:02:02Z
dc.date.available2011-07-26T08:02:02Z
dc.date.issued2011
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/6789
dc.language.isoenen
dc.subjectbankingen
dc.subjectcarbon marketen
dc.subjectEU ETSen
dc.subjecttradable permits marketen
dc.subject.ddc333en
dc.subject.classificationjelG15en
dc.subject.classificationjelQ54en
dc.subject.classificationjelQ48en
dc.titleThe European Carbon Market (2005-2007): Banking, Pricing and Risk-Hedging Strategiesen
dc.typeChapitre d'ouvrage
dc.description.abstractenAt the stage of international post-Kyoto negotiations, the adoption of ambitious public policies raises an increasing interest, as society has a whole is more concerned by the scale of damages and the potential irreversibility linked to climate change. The introduction of a tradable permits market in Europe on January 1, 2005, in order to provide incentives to Member-States to take early abatement measures, may be seen as a decisive first step towards that direction. The creation of the EU ETS has indeed revealed the key role played by the European Union in the preservation of the global public good that constitutes the climate. This article reviews the market rules of the European carbon market during 2005-2007. More particularly, it synthesizes theoretical and empirical analyses of banking and borrowing provisions, price drivers and risk-hedging strategies attached to tradable quotas, which were introduced to cover the CO2 emissions of around 10,600 installations in Europe.en
dc.identifier.citationpages395-414en
dc.relation.ispartoftitleHandbook of Sustainable Energyen
dc.relation.ispartofeditorMarkandya, Anil
dc.relation.ispartofeditorGonzalez-Eguino, Mikel
dc.relation.ispartofeditorGalarraga, Ibon
dc.relation.ispartofpublnameEdward Elgaren
dc.relation.ispartofpublcityLondresen
dc.relation.ispartofdate2011-09
dc.relation.ispartofpages624en
dc.identifier.urlsitehttp://halshs.archives-ouvertes.fr/halshs-00458787/fr/
dc.description.sponsorshipprivateouien
dc.subject.ddclabelEconomie de la terre et des ressources naturellesen
dc.relation.ispartofisbn978-1-84980-115-7en


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record