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A network-based analysis of the European Emission Market

Andreas Karpf (), Antoine Mandel () and Stefano Battiston

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: This paper analyses the European Emission Trading System (ETS) from a network perspective. It is shown that the network exhibits a strong core-periphery structure also reflected in the network formation process. Due to a lack of centralized market places, operators of installations which fall under the EU ETS regulations have to resort to local networks or financial intermediaries if they want to participate in the market. This undermines the central idea of the ETS to exploit marginal abatement costs.

Keywords: network; emission market; ETS; network topology (search for similar items in EconPapers)
Date: 2015-11
New Economics Papers: this item is included in nep-ene, nep-env, nep-net and nep-reg
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01243694
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Published in 2015

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Working Paper: A network-based analysis of the European Emission Market (2015) Downloads
Working Paper: A network-based analysis of the European Emission Market (2015) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-01243694

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