Temporal restrictions on emissions trading and the implications for the carbon futures market: Lessons from the EU emissions trading scheme

doi:10.1016/j.enpol.2018.01.008

GSTDTAP > 气候变化

DOI	10.1016/j.enpol.2018.01.008
	Temporal restrictions on emissions trading and the implications for the carbon futures market: Lessons from the EU emissions trading scheme
	Daskalakis, George
	2018-04-01
发表期刊	ENERGY POLICY
ISSN	0301-4215
EISSN	1873-6777
出版年	2018
卷号	115 页码:88-91
文章类型	Article
语种	英语
国家	England
英文摘要	Prohibiting the intertemporal trading of emission allowances induces positive risk premia in futures prices when the trading of the contracts and their expiry take place in time periods separated by this trading ban. In Phase I of the EU Emissions Trading Scheme (EU ETS) these were in the order of about 28% of the futures price on average, depending on the contract's expiry in Phase II. Environmental policy makers should avoid such restrictions as they result in increased hedging costs for polluters that are, since emission allowances represent opportunity costs, potentially borne by consumers.
英文关键词	Emission allowances Intertemporal trading Carbon futures Risk premia EU ETS
领域	气候变化
收录类别	SCI-E ; SSCI
WOS记录号	WOS:000428099800009
WOS关键词	CO2 ; POLLUTION ; BANKING
WOS类目	Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
引用统计
文献类型	期刊论文
条目标识符	http://119.78.100.173/C666/handle/2XK7JSWQ/18447
专题	气候变化
作者单位	Univ East Anglia, Norwich Business Sch, Norwich NR4 7TJ, Norfolk, England
推荐引用方式 GB/T 7714	Daskalakis, George. Temporal restrictions on emissions trading and the implications for the carbon futures market: Lessons from the EU emissions trading scheme[J]. ENERGY POLICY,2018,115:88-91.
APA	Daskalakis, George.(2018).Temporal restrictions on emissions trading and the implications for the carbon futures market: Lessons from the EU emissions trading scheme.ENERGY POLICY,115,88-91.
MLA	Daskalakis, George."Temporal restrictions on emissions trading and the implications for the carbon futures market: Lessons from the EU emissions trading scheme".ENERGY POLICY 115(2018):88-91.