| ID | 150625 |
| Title Proper | Firm-specific impacts of CO2 prices on the stock market value of the Spanish power industry |
| Language | ENG |
| Author | Da SilvaPatricia Pereira ; Moreno, Blanca ; Figueiredo, Nuno Carvalho |
| Summary / Abstract (Note) | European Union carbon emissions allowances (EUA) price fluctuations can affect electricity companies' stock market values as these oscillations may change firms' profitability and thus investors' decisions. This outcome can differ not only contingent on the EU ETS Phase, but also on firms' generation mix. Moreover, stock markets may react differently to EUA increases in comparison to decreases, thus asymmetrically. |
| `In' analytical Note | Energy Policy Vol. 94, No.94; Jul 2016: p. |
| Journal Source | Energy Policy 2016-07 94, 94 |
| Key Words | Energy Prices ; Electricity Sector ; European Union Emission Trading System ; Vector Error Correction Analysis |