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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
Interaction of European Carbon Trading and Energy Prices | |
Derek W. Bunn; Carlo Fezzi | |
发表日期 | 2007 |
出处 | Climate Change and Sustainable Development |
出版年 | 2007 |
语种 | 英语 |
摘要 | This paper addresses the economic impact of the EU Emission Trading Scheme for carbon on wholesale electricity and gas prices. Specifically, we analyse the mutual relationships between electricity, gas and carbon prices in the daily spot markets in the United Kingdom. Using a structural co-integrated VAR model, we show how the prices of carbon and gas jointly influence the equilibrium price of electricity. Furthermore, we derive the dynamic pass-trough of carbon into electricity price and the response of electricity and carbon prices to shocks in the gas price. |
特色分类 | Q48,L94,C32 |
关键词 | Carbon Emission Trading,Energy Markets,Structural VECM |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/interaction-of-european-carbon-trading-and-energy-prices/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117481 |
推荐引用方式 GB/T 7714 | Derek W. Bunn,Carlo Fezzi. Interaction of European Carbon Trading and Energy Prices. 2007. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
NDL2007-063.pdf(250KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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