Econometric Analysis of Carbon Markets: The European Union Emissions Trading Scheme and the Clean Development Mechanism

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Springer Science & Business Media, Sep 21, 2011 - Business & Economics - 217 pages
Through analysis of the European Union Emissions Trading Scheme (EU ETS) and the Clean Development Mechanism (CDM), this book demonstrates how to use a variety of econometric techniques to analyze the evolving and expanding carbon markets sphere, techniques that can be extrapolated to the worldwide marketplace. It features stylized facts about carbon markets from an economics perspective, as well as covering key aspects of pricing strategies, risk and portfolio management.
 

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Contents

Introduction to Emissions Trading
1
CO2 Price Fundamentals
19
Link with the Macroeconomy
55
The Clean Development Mechanism
105
RiskHedging Strategies and Portfolio Management
147
Advanced Topics TimetoMaturity and Modeling the Volatility of Carbon Prices
181
Solutions
209
Index
213
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