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Fuel prices impacts on stock market of metallurgical industry under the EU emissions trading system

Blanca Moreno, María Teresa García-Álvarez and Ana Rosa Fonseca

Energy, 2017, vol. 125, issue C, 223-233

Abstract: Metallurgical industry is among the largest industrial users of fossil fuels in the Spanish economy and it is one of the industries under the European Union emissions trading system. This study examines the long-run equilibrium relations and short-run interactions between fuels and European Union carbon emissions allowances price changes and the corporate value of Spanish iron and steel industry.

Keywords: EU ETS; Error-correction model; Fuel prices; Metallurgical industry (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:eee:energy:v:125:y:2017:i:c:p:223-233