The decisions of the European Parliament (EP) are shown to influence both EU emission allowance (EUA) prices and volatility. This is not a universal influence though, only the decisions which are either (i) parliament-led, as opposed to topical decisions originating from the political groups,...

The pricing of European emissions allowances (EUAs) is complicated by the market being driven by not just financial and economic factors, but also the harder-to-gauge uncertain influences of politics and policy. Drawing on a well-established literature showing sentiment to play an expanded role...

Insights are offered into the interactions of EUA and CER emissions prices with key energy markets across the EU. A wide range of regional gas and power markets, in addition to global oil markets, are considered. Power prices are broken down by base, peak and off-peak to account for regional...

Within the field of empirical finance, the econometric analysis of markets commonly suffers from the well established problem of data snooping bias, whereby there is a likelihood that statistically significant results may be identified by pure random chance alone. This is the multiple...