Causalidad y sensibilidad entre precios de los derechos de emisión europeos y los certificados de reducción de emisiones de mecanismos de desarrollo limpio en el mercado europeo de transacción de emisiones

July 2012
Estudios Gerenciales;jul-sep2012, Vol. 28 Issue 124, p141
Academic Journal
This article examines the price relationships between European Union Allowances (EUAs), valid under the EU Emissions Trading Scheme (EU ETS), and Certified Emissions Reductions (CERs) generated through the Clean Development Mechanism (CDM) under the Kyoto Protocol. Given the price differences between EUAs and CERs, financial and industrial operators could profit from arbitrage strategies by buying CERs and selling EUAs or vice versa. A statistical analysis of the carbon credit market through a VAR model revealed the impact of shocks on the carbon market on the prices of EUAs and CERs.


Related Articles

  • Use carbon credits more to cut emissions, says UK.  // ENDS (Environmental Data Services);Mar2008, Issue 398, p53 

    This article reports on a call by the British government for greater use of carbon credits from the clean development mechanism and joint implementation program of the Kyoto Protocol to help European Union (EU) member states comply with their greenhouse gas emission reduction targets. The...

  • Role of the Clean Development Mechanism (CDM) in the Development of National Energy Industries. Naik, Mayuri R.; Singh, Anju; Unnikrishnan, Seema; Naik, Neelima // Energy & Environment;Apr2014, Vol. 25 Issue 2, p325 

    Clean Development Mechanism (CDM) is an agreement under the Kyoto Protocol (1997) allowing industrialized (Annex-I) countries with Greenhouse Gas emission reduction commitment to invest in or finance projects that reduce emissions in developing countries using clean technologies. Under CDM, for...

  • What Is a Carbon Credit, and How Do You Trade It?  // Best's Review;Mar2008, Vol. 108 Issue 11, p61 

    The article presents an idea of creating a carbon credit which first got off under the Kyoto Protocol on climate change. Developed countries under the protocol have agreed to reduce greenhouse gas emissions during the years 2008-2012. To meet the goals, countries can offset the emissions by...

  • EU emissions plunge towards 20% target as recession bites.  // ENDS (Environmental Data Services);Sep2010, Issue 428, p15 

    The article discusses a report from the European Environmental Agency (EEA) which shows that the recession across the European Union (EU) reduced greenhouse gas emissions in 2009 to within its 20 percent emissions reduction target for 2020. A debate on whether the EU should increase its target...

  • The Kyoto Protocol Is Dead, Long Live the Kyoto Protocol. Bailey, Ronald // Hit & Run;12/4/2011, p14 

    The article focuses on Kyoto Protocol which requires rich countries to reduce their greenhouse gas emissions by 2015. Kyoto Protocol is one of the main subjects that was discussed in the 17th Conferences of Parties (COP-17) during the United Nations Climate Change Conference in Durban, South...

  • POSITION OF KAZAKHSTAN IN THE KYOTO AND POST-KYOTO PROTOCOL REGIME. Sabitova, Saltanat // OIDA International Journal of Sustainable Development; 

    The article introduces the position of Kazakhstan in the Kyoto and post-Kyoto Protocol framework. What inspired the country to sign the Kyoto Protocol are the incentives to lessen greenhouse gas (GHG) emissions in the country, therefore contributing to the overall world decrease of GHG...

  • Policy MonitorEdited by Maureen CropperThe Clean Development Mechanism: History, Status, and Prospects. Lecocq, Franck; Ambrosi, Philippe // Review of Environmental Economics & Policy;2007, Vol. 1 Issue 1, p134 

    Through the Clean Development Mechanism (CDM), governments or firms in developed countries can participate in the financing of projects that reduce greenhouse gas (GHG) emissions in developing countries in exchange for emission reduction credits that they can use against their targets under the...

  • An evening in Paris.  // Down to Earth;1/1/2016, Vol. 24 Issue 16, p35 

    Information about 2015 United Nations Climate Change Conference (CoP-21) held in Paris, France from November 30, 2015 to December 11, 2015, is presented. Topics discussed include measures to tackle climatic changes, funding into the Least Developed Countries Fund, introduction of Paris agreement...

  • Applying remotely sensed data to reduction of greenhouse gas emission and Clean Development Mechanism (CDM). Lu ZHANG; Runhe SHI; Jing WANG // Advanced Materials Research;2014, Vol. 1010-1012, p1258 

    "Kyoto Protocol" came into force on the February 16th, 2005. It introduced rules on the responsibilities of reducing greenhouse gas emission so as to alleviate and deal with problems caused by climate change. Among the three fulfillment mechanisms in "Kyoto Protocol", the Clean Development...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics