Alberola, Emilie; Chevallier, Julien; Chèze, Benoît - Université Paris-Dauphine (Paris IX) - 2008
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...