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A network-based analysis of the European Emission Market

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

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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)
JEL-codes: D85 L14 Q56 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2015-11
New Economics Papers: this item is included in nep-ene, nep-eur and nep-net
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ftp://mse.univ-paris1.fr/pub/mse/CES2015/15084.pdf (application/pdf)

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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:mse:cesdoc:15084

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