CO2 emission allowances and their interacion with economic and energy factors in the European Union

Analysis of emission allowances prices has important environmental and political connotations. This article aimed to identifying the possible variables that may influence their behaviour and studied their relationship with fundamental factors: energy (Brent petroleum, Gas, Coal) and economy (Indust...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autores principales: Botey Fullat , María, Arias Martín, Pedro, Alarcón, Silverio
Formato: Artículo revista
Lenguaje:Inglés
Publicado: Facultad de Ciencias Agrarias-UNCuyo 2021
Materias:
modelo VAR/VECM
cointegración
derechos de emisión
medioambiente
factores fundamentales
VAR & VECM model
cointegration
allowances emission
environment
fundamental factors
Acceso en línea:https://revistas.uncu.edu.ar/ojs3/index.php/RFCA/article/view/2817
Aporte de:
Revista de la Facultad de Ciencias Agrarias UNCuyo de Universidad Nacional de Cuyo
id I11-R107article-2817
record_format ojs
institution Universidad Nacional de Cuyo
institution_str I-11
repository_str R-107
container_title_str Revista de la Facultad de Ciencias Agrarias UNCuyo
language Inglés
format Artículo revista
topic modelo VAR/VECM
cointegración
derechos de emisión
medioambiente
factores fundamentales
VAR & VECM model
cointegration
allowances emission
environment
fundamental factors
spellingShingle modelo VAR/VECM
cointegración
derechos de emisión
medioambiente
factores fundamentales
VAR & VECM model
cointegration
allowances emission
environment
fundamental factors
Botey Fullat , María
Arias Martín, Pedro
Alarcón, Silverio
CO2 emission allowances and their interacion with economic and energy factors in the European Union
topic_facet modelo VAR/VECM
cointegración
derechos de emisión
medioambiente
factores fundamentales
VAR & VECM model
cointegration
allowances emission
environment
fundamental factors
author Botey Fullat , María
Arias Martín, Pedro
Alarcón, Silverio
author_facet Botey Fullat , María
Arias Martín, Pedro
Alarcón, Silverio
author_sort Botey Fullat , María
title CO2 emission allowances and their interacion with economic and energy factors in the European Union
title_short CO2 emission allowances and their interacion with economic and energy factors in the European Union
title_full CO2 emission allowances and their interacion with economic and energy factors in the European Union
title_fullStr CO2 emission allowances and their interacion with economic and energy factors in the European Union
title_full_unstemmed CO2 emission allowances and their interacion with economic and energy factors in the European Union
title_sort co2 emission allowances and their interacion with economic and energy factors in the european union
description Analysis of emission allowances prices has important environmental and political connotations. This article aimed to identifying the possible variables that may influence their behaviour and studied their relationship with fundamental factors: energy (Brent petroleum, Gas, Coal) and economy (Industrial Production Index, Baltic Dry Index, Purchasing Managers Index). With the objective of analyzing possible mutual interactions, Multivariate VAR or Error Correction Models (VECM), were applied. The information analysed derived from different sources (World Bank, Sendeco2 and various financial websites). The results obtained showed, not only the influence of past prices on the emission allowances actual price, but also the interaction with energetic and economic variables. Highlights Estimation of time series interrelations through VAR models. There is relationship of the emission allowances price with their past values. The energy variables are factors important to also explain the behavior of the emission allowances price. The economic variables are hardly significant except for the Dry Baltic Index.
publisher Facultad de Ciencias Agrarias-UNCuyo
publishDate 2021
url https://revistas.uncu.edu.ar/ojs3/index.php/RFCA/article/view/2817
work_keys_str_mv AT boteyfullatmaria co2emissionallowancesandtheirinteracionwitheconomicandenergyfactorsintheeuropeanunion
AT ariasmartinpedro co2emissionallowancesandtheirinteracionwitheconomicandenergyfactorsintheeuropeanunion
AT alarconsilverio co2emissionallowancesandtheirinteracionwitheconomicandenergyfactorsintheeuropeanunion
first_indexed 2022-06-20T13:51:51Z
last_indexed 2022-06-20T13:51:51Z
bdutipo_str Revistas
_version_ 1764819786975412225

Ejemplares similares