Global ETD Search

1	Options Based on CO<sub>2</sub> Emissions : A Comparison with Traditional Options Nilsson, Martin, Kristiansson, Gustaf January 2009 (has links) <p>Abstract</p><p>Title: Options Based on CO2 Emissions: A Comparison with Traditional Options</p><p>Seminar date: 2009-06-17</p><p>Course: Bachelor thesis in business administration, 15 ECTS</p><p>Authors: Gustaf Kristiansson, Martin Nilsson</p><p>Instructor: Bengt Kjellgren</p><p>Key words: Black & Scholes, Certified Emission Reductions, emission markets, European Union Allowances, options, pricing</p><p>Purpose: This study intends to compare traditional options with the CO2 based instruments EUAs and CERs options in the fields of pricing, cap and trade, political influence, economical effects and market function.</p><p>Methodology: A combined research methodology is used in this study, which includes both a quantitative and a qualitative approach. A deductive research approach is brought out over the whole study.</p><p>Theoretical perspectives: The theoretical framework is based upon previous empirical research concerning the fields in this study. The Black & Scholes formula for option pricing has a central position.</p><p>Empirical foundation: Market data has been used to analyse the field of pricing. Interviews have been conducted with actors on the European emission trading market for a further understanding of cap and trade, political influence, economical effects and market function.</p><p>Conclusions: We have in this research identified that the CO2 based market differs from the financial market when it comes to political decisions and price fluctuation. We have also identified that the CO2 based market is not mature enough for a complete internationalisation.</p> / En formell presentation utfördes ej pga utlandsstudier. Black & Scholes Certified Emission Reduction emission markets European Union Allowances options pricing Business studies Företagsekonomi
2	Options Based on CO2 Emissions : A Comparison with Traditional Options Nilsson, Martin, Kristiansson, Gustaf January 2009 (has links) Abstract Title: Options Based on CO2 Emissions: A Comparison with Traditional Options Seminar date: 2009-06-17 Course: Bachelor thesis in business administration, 15 ECTS Authors: Gustaf Kristiansson, Martin Nilsson Instructor: Bengt Kjellgren Key words: Black & Scholes, Certified Emission Reductions, emission markets, European Union Allowances, options, pricing Purpose: This study intends to compare traditional options with the CO2 based instruments EUAs and CERs options in the fields of pricing, cap and trade, political influence, economical effects and market function. Methodology: A combined research methodology is used in this study, which includes both a quantitative and a qualitative approach. A deductive research approach is brought out over the whole study. Theoretical perspectives: The theoretical framework is based upon previous empirical research concerning the fields in this study. The Black & Scholes formula for option pricing has a central position. Empirical foundation: Market data has been used to analyse the field of pricing. Interviews have been conducted with actors on the European emission trading market for a further understanding of cap and trade, political influence, economical effects and market function. Conclusions: We have in this research identified that the CO2 based market differs from the financial market when it comes to political decisions and price fluctuation. We have also identified that the CO2 based market is not mature enough for a complete internationalisation. / En formell presentation utfördes ej pga utlandsstudier. Black & Scholes Certified Emission Reduction emission markets European Union Allowances options pricing Business studies Företagsekonomi
3	Emisní povolenka jako cenný papír a investiční nástroj / European Union Allowance as a Security and Financial Instrument Tůma, Jan January 2009 (has links) European Union Emission Trading System has been in operation since 2005 and to this point the legal nature of European Union Allowances is still controversial. Moreover, this question is complicated by fact, that a member state can not handle this problem, because it is acquis communautaire to solve it. The aim of this study is to explore the legal nature of allowance in Czech legal system, in merito, whether it is a security and/or a financial instrument. In conclusion, allowance is neither of those and its legal nature is still unclear, but also it does not really matter by now. Nevertheless, for the future smooth functioning of the EU ETS it is necessary that European Commission pursues this subject.
4	Global Spillovers of US Climate Policy: Evidence from EU Carbon Emissions Futures Fields, Micah Lester 07 July 2022 (has links) No description available. Climate Change Economics Environmental Economics Finance carbon emissions climate change global warming international policy futures EUA EU ETS carbon futures international games game theory event study coordination climate policy US climate policy European Union United States EU climate policy European Union Allowances economics strategic complements environmental economics

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