지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
오류제보하기
This study is to analyze primary factors influencing on the price of EUA by reviewing the backgrounds andthe mechanism of the ETS in the European market. As a result, the VECM analysis using daily data showsthat the energy variables are insignificant factors on EUA price decision during the first phase of EU ETS,while analysis of Variance Decomposition proves natural gas to have a slight influence over the decisionprocess. Through the Granger Causality, prices of oil and natural gas precede the price of EUA. Analysis of theVECM using the second phase of data set indicates that the prices of oil and EUA are positively correlated,while prices of coal and electricity have negative impacts on EUA’s price. The prices of oil and electricityprecede the price of EUA in Granger Causality analysis. The results from multi-variate regression analysis showthat price determinants of the emissions include oil and CER prices.
목차
등록된 정보가 없습니다.
참고문헌 (25)
참고문헌 신청
/ / http://www.eea.europa.eu
/ / http://www.europeanclimateexchange.com
/ / http://www.iea.org
Alberola, E. / 2008 / Price drives and structural breaks in European carbon prices 2005?07 / Energy Policy 36 (2) : 787 ~ 797
Barrieu, P. M. / 2011 / Integrated EUA and CER price modeling and application for spread option pricing : 1 ~ 35
Barrieu, P. M. / 2011 / Integrated EUA and CER price modeling and application for spread option pricing : 1 ~ 35
이 논문의 저자 정보
최근 본 자료
댓글(0)
0