We conduct the first comparative analysis of the financial performance of European green,
black (fossil energy and natural resource) and conventional mutual funds. Based on a …

Abstract The EU Emission Trading System (ETS) is the oldest and currently the largest
carbon market in the world, but its purpose of stimulating carbon emissions via trading profits …

We investigate liquidity and market efficiency on the world's largest carbon exchange,
IntercontinentalExchange Inc.'s European Climate Exchange (ECX), by using intraday short …

This article explores how price linkages between carbon allowances and market
fundamentals in the EU Emissions Trading Scheme (EU ETS) vary over time. I adopt a …

I examine in the period 2008–2011 the efficiency of four carbon dioxide (CO2) emission
allowance futures traded in the Intercontinental Exchange (ICE). To this end, I assess the …

Prohibiting the intertemporal trading of emission allowances induces positive risk premia in
futures prices when the trading of the contracts and their expiry take place in time periods …

During its trial phase (Phase I), the EU Greenhouse Gas Emission Trading Scheme (EU-
ETS) collapsed because of an over-allocation of emission allowances. We evaluate the …

The analysis presented in this paper aims to put in some evidence the role of nuclear power
as hedging asset against the volatility of electricity prices. The unpredictability of natural gas …

Purpose–The purpose of this paper is to examine the financial risks posed by energy and
environmental markets and how these risks are addressed by current regulatory regimes …

Abstract The European Union Emissions Trading Scheme (EU ETS) is supposed to help
regulated installations to cover their CO2 emissions by trading in allowances. In practice, the …