Carbon Emissions Trading: What it Means for Individual Investors

Valeria Martinez

A chapter in International Financial Markets, 2014, vol. 13, pp 165-178 from Emerald Group Publishing Limited

Abstract: This study examines the investment opportunities available for individual investors in the carbon emissions market. Volume, investment correlations, location of trade, return volatility, and price discovery are examined for the Barclays carbon emissions exchange traded note (ETN) launched in July of 2008 and traded in U.S. markets. Our main findings indicate this new type of asset evidences diversification benefits for individual investors. Its main source of volatility and price discovery is the underlying European futures carbon market.

Keywords: Carbon emissions; correlation; exchange traded note (ETN); exchange traded fund (ETF); volatility; G11; G14 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... 8715(2013)0000013014
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:fegzzz:s1574-8715(2013)0000013014

DOI: 10.1108/S1574-8715(2013)0000013014

Access Statistics for this chapter

More chapters in Frontiers of Economics and Globalization from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().