| ID | 118852 |
| Title Proper | On the efficiency of the European carbon market |
| Other Title Information | new evidence from phase II |
| Language | ENG |
| Author | Daskalakis, George |
| Publication | 2013. |
| Summary / Abstract (Note) | 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 profitability of trading strategies based on simple technical analysis rules and naïve forecasts. The results from 2010 onwards are consistent with weak market efficiency. In turn, this finding suggests that the European carbon market is gradually attaining a state of maturity. |
| `In' analytical Note | Energy Policy vol. , No.54; Mar 2013: p.369-375 |
| Journal Source | Energy Policy vol. , No.54; Mar 2013: p.369-375 |
| Key Words | Emission Allowances ; EU Emissions Trading Scheme ; Market Efficiency |