Trader types and volatility of emission allowance prices. Evidence from EU ETS Phase I

Anca Claudia Balietti

Energy Policy, 2016, vol. 98, issue C, 607-620

Abstract: This paper studies the relation between the trading activity of market participants and the volatility of the European Emission Allowance price during Phase I of the European Union Emission Trading System (EU ETS). We focus on the contrasting roles of different trader types.

Keywords: EU ETS; Permit price; Volatility; Liable and non-liable participants; Market efficiency (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (23)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:98:y:2016:i:c:p:607-620

DOI: 10.1016/j.enpol.2016.09.006

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