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Carbon Markets

Microstructure, Pricing and Policy

  • Gbenga Ibikunle
  • Andros Gregoriou

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Gbenga Ibikunle, Andros Gregoriou
    Pages 1-14
  3. Gbenga Ibikunle, Andros Gregoriou
    Pages 15-37
  4. Gbenga Ibikunle, Andros Gregoriou
    Pages 39-89
  5. Gbenga Ibikunle, Andros Gregoriou
    Pages 91-128
  6. Gbenga Ibikunle, Andros Gregoriou
    Pages 129-164
  7. Gbenga Ibikunle, Andros Gregoriou
    Pages 165-200
  8. Gbenga Ibikunle, Andros Gregoriou
    Pages 201-207
  9. Back Matter
    Pages 209-234

About this book

Introduction

This book explores the microstructure of carbon markets and the pricing of carbon financial instruments generally. It provides a critical microstructure analysis of the EU Emissions Trading Scheme (EU-ETS), and also examines the theoretical and related market design issues affecting emissions trading schemes. Individual chapters analyse how intraday pricing evolves in carbon markets, the price impact of block trades in carbon financial instruments and their determinants, short and long-term liquidity effects in carbon markets, and the links between carbon market liquidity and efficiency. The aforementioned issues are explored using case studies of two major trading platforms operating within the EU-ETS. The book concludes by focusing on future policy and regulatory challenges in carbon markets, especially with respect to addressing pricing volatility challenges.

Keywords

Environmental finance Carbon trading Carbon financial instruments Carbon finance Climate change policy Market microstructure Sustainability Climate change

Authors and affiliations

  • Gbenga Ibikunle
    • 1
  • Andros Gregoriou
    • 2
  1. 1.University of EdinburghEdinburghUnited Kingdom
  2. 2.University of BrightonBrightonUnited Kingdom

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-72847-6
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-72846-9
  • Online ISBN 978-3-319-72847-6
  • Buy this book on publisher's site