Alberola, Emilic; Chevallier, Julien; Cheze, Benoit - In: Economie Internationale (2008) 116, pp. 93-126
This article critically examines the impact of industrial production for sectors covered by the EU Emissions Trading … Scheme (EU ETS) on emissions allowance spot prices during Phase I (2005-2007). First, sector production indices are used as a … proxy of economic activity in sectors covered by the EU ETS. Second, a ratio of allowance allocation relative to baseline CO …