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Network-Based analysis of EU emissions trading scheme
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Orientador(es)
Resumo(s)
The European Union Emissions Trading Scheme (EU ETS) has been instrumental in
mitigating carbon dioxide (CO2) emissions across Europe since its initiation on January
1, 2005. CO2 has emerged as a traded commodity in the EU ETS, governed by market
fundamentals similar to those in other global commodity markets. The interplay of supply
and demand, driven by the allocation of allowances, plays thus a crucial role. Here, using
real data, we developed networks of EU ETS to model exchanges of allowances between EU
countries. Our results provide new insights into the topological structure of trading from
2005-2020. Combining the results from centrality measures, clustering and modularity,
the EU ETS networks can be seen in the transition from a structure with few clusters to a
structure characterized by numerous clusters organized around new nodes with acquired
centrality.
Descrição
Palavras-chave
Emissions Trading Scheme Network Analysis CO2 Trading Allocation of Allowences
Contexto Educativo
Citação
Paolella, Beatrice Federica e Tanya Araújo (2024). "Network-Based analysis of EU emissions trading scheme". REM Working paper series, nº 0337/2024
Editora
ISEG – REM (Research in Economics and Mathematics)