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2009•RePEc: Research Papers in EconomicsRequires access

The Economic and Financial Determinants of Carbon Prices

Carlo Carraro, Alice Favero

Open publisher page 28 citations

Abstract

The aim of this paper is to analyze the economic and financial determinants of carbon dioxide (CO2) prices from the short and long-term perspective, in particular within the EU-wide CO2 emissions trading system (EU ETS). After reviewing present carbon markets, this paper investigates the several drivers of carbon prices from both n financial and an economic perspective. It then examines the main impacts of these drivers in the short and long term. Finally, by comparing the results of several academic and financial studies, this paper identifies the average carbon price and its standard deviation for different future time horizons.

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What this paper is about

The aim of this paper is to analyze the economic and financial determinants of carbon dioxide (CO2) prices from the short and long-term perspective, in particular within the EU-wide CO2 emissions trading system (EU ETS). After reviewing present carbon markets, this paper investigates the several drivers of carbon prices from both n financial and an economic perspective. It then examines the main impacts of these drivers in the short and long term. Finally, by comparing the results of several academic and financial studies, this paper identifies the average carbon price and its standard deviation for different future time horizons.

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OpenAlex reports 28 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The aim of this paper is to analyze the economic and financial determinants of carbon dioxide (CO2) prices from the short and long-term perspective, in particular within the EU-wide CO2 emissions trading system (EU ETS). After reviewing present carbon markets, this paper investigates the several drivers of carbon prices from both n financial and an economic perspective. It then examines the main impacts of these drivers in the short and long term. Finally, by comparing the results of several academic and financial studies, this paper identifies the average carbon price and its standard deviation for different future time horizons.

Key concepts: Carbon price, Emissions trading, Greenhouse gas, Context (archaeology), Incentive, Carbon tax, Carbon offset, Production (economics)

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