London vs. Leipzig: Price discovery of carbon futures during Phase III of the ETS

Martin Stefan and Claudia Wellenreuther

Economics Letters, 2020, vol. 188, issue C

Abstract: Futures for European carbon emission allowances are currently traded on the ICE in London and the EEX in Leipzig. We investigate which of these exchanges dominates price discovery and find that the ICE is the price leader.

Keywords: Carbon; Price discovery; EUA; Futures markets; ETS (search for similar items in EconPapers)
JEL-codes: G13 G14 G15 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:188:y:2020:i:c:s016517652030029x

DOI: 10.1016/j.econlet.2020.108990

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