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Carbon Price Drivers: An Updated Literature Review

Carbon Price Drivers: An Updated Literature Review

Julien Chevallier
Copyright: © 2013 |Volume: 4 |Issue: 4 |Pages: 7
ISSN: 1947-9573|EISSN: 1947-9581|EISBN13: 9781466635807|DOI: 10.4018/ijal.2013100101
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MLA

Chevallier, Julien. "Carbon Price Drivers: An Updated Literature Review." IJAL vol.4, no.4 2013: pp.1-7. http://doi.org/10.4018/ijal.2013100101

APA

Chevallier, J. (2013). Carbon Price Drivers: An Updated Literature Review. International Journal of Applied Logistics (IJAL), 4(4), 1-7. http://doi.org/10.4018/ijal.2013100101

Chicago

Chevallier, Julien. "Carbon Price Drivers: An Updated Literature Review," International Journal of Applied Logistics (IJAL) 4, no.4: 1-7. http://doi.org/10.4018/ijal.2013100101

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Abstract

Since the creation of the European Union Emissions Trading Scheme (EU ETS) in 2005, a burgeoning academic literature has emerged to identify the factors that shape the price of carbon, where one European Union Allowance is equal to one ton of CO2-equivalent emitted in the atmosphere. Thus, there is a need for an updated and thorough literature review on the state-of-the-art on topic that this paper aims to fulfill. Namely, the author considers the main econometric studies that have been recently published in the academic literature, which feature the influence of the following determinants to explain the variation of the price of carbon: institutional decisions; energy prices and weather events; macroeconomic and financial market shocks. The paper concludes with some directions for future research in this area.

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