The EU Emissions Trading Scheme (EU-ETS), the major policy tool of the EU for achieving its Kyoto target, is the largest pollution permit market in the world. Following the lessons learned from the trial phase (2005-2007), new measures were adopted for the Kyoto commitment period (2008-2012) in...

In contrast to the Reg NMS regime in the US, the European Markets in Financial Instruments Directive (MiFID) does not impose a formal exchange trading linkage or guarantee the best execution price. This raises concerns about consolidated market quality in an increasingly fragmented European...

We investigate factors influencing country-level renewable energy growth by applying FEVD and PCSE estimation methods in a unique sample analysis. With a longer time series (1990-2010) and a broader sample size of countries (including Brazil, Russia, India, China and South Africa) than previous...

We model 73.62 million London Stock Exchange (LSE) trades and show that the LSE's high rate of failure to open at the opening auction only relates to low volume stocks. Low volume stock traders avoid trading until the open; this seems connected to their evading the informed trading-dominated...