Volatility transmission in the CO2 and energy markets

  title={Volatility transmission in the CO2 and energy markets},
  author={Maria Mansanet-Bataller and Peter Soriano},
  journal={2009 6th International Conference on the European Energy Market},
The main consequence of the launch, in 2005, of the European Union Emission Trading Scheme (EU ETS) has been the establishment of a price for carbon emissions. Thus, major energy producers in Europe are now aware of the impact of their polluting activities. The interest in analysing the carbon markets from a financial point of view has exponentially increased since the launch of the EU ETS. However, no research articles have focused their attention on the volatility transmission between CO2 and… CONTINUE READING