This paper theoretically and empirically revisits carbon pricing from the supply-side perspective for carbon assets to solve a recent low price issue, which may delay the development of emission reduction technologies in the sense of marginal abatement costs. We propose a carbon pricing model...

This paper assesses the impact of financial turmoil on carbon markets. For the assessment, we offer the price correlation model between financial and carbon assets using the price-volume relationship. In particular, the carbon trading behavior aligned with security trading is incorporated into...

This paper investigates the dynamic price linkage and volatility structure between two leading carbon markets of EU allowance (EUA) and secondary certified emission reduction (sCER). We propose a correlation model between EUA and sCER price returns using the marginal abatement cost (MAC) curve...