The Resource EU emissions trading by energy firms, Thijs Jong and Alexander C.M. Zeitlberger

EU emissions trading by energy firms, Thijs Jong and Alexander C.M. Zeitlberger

Label
EU emissions trading by energy firms
Title
EU emissions trading by energy firms
Statement of responsibility
Thijs Jong and Alexander C.M. Zeitlberger
Creator
Contributor
Author
Subject
Language
eng
Summary
This paper aims to identify what determines the allowance transactions of energy firms on the European carbon market (EU ETS). We develop measures of their 'autarky' regarding the carbon market, their allowance hedging, and the allowance holdings which ensure optimal EU ETS compliance. Although under-allocated over Phase I, energy firms held more allowances than needed. By selling allowances, only the non-autarkic firms followed their optimal compliance holdings and, hence, actually behaved autarkical. Autarkic firms, conversely, purchased more allowances than they needed. Moreover, and unlike non-autarkic firms, their allowance trades were responsive to energy demand and indicative of carbon hedging. Finally, all energy firms utilized the carbon market's abatement potential, which affirms that the EU ETS leads to relative cost savings. As especially autarkic energy firms utilized this potential, and may have reaped additional savings from their active hedging, they behaved least autarkical regarding the carbon market
Member of
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Jong, Thijs
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
  • Zeitlberger, Alexander C.M.
  • Robert Schuman Centre
  • Climate Policy Research Unit
Series statement
  • EUI working papers. RSC
  • EUI papers
  • Climate Policy Research Unit
Series volume
2014/99
http://library.link/vocab/subjectName
Emissions trading
Label
EU emissions trading by energy firms, Thijs Jong and Alexander C.M. Zeitlberger
Link
http://hdl.handle.net/1814/32938
Instantiates
Publication
Note
Subject: Emissions trading; Energy market; EU transaction log; Firm-level data; Allowance purchases and sales; Carbon hedging; Panel data econometrics; D22; H23; L94; Q41; Q52
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17745299
Dimensions
30 cm.
Extent
22 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
(OCoLC)933295402
Label
EU emissions trading by energy firms, Thijs Jong and Alexander C.M. Zeitlberger
Link
http://hdl.handle.net/1814/32938
Publication
Note
Subject: Emissions trading; Energy market; EU transaction log; Firm-level data; Allowance purchases and sales; Carbon hedging; Panel data econometrics; D22; H23; L94; Q41; Q52
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17745299
Dimensions
30 cm.
Extent
22 pages
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
(OCoLC)933295402

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