Drivers of carbon prices in the European Union emission trading scheme

Download

index.pdf

Date

2019

Author

Uludağ, Arda

Metadata

Show full item record

Item Usage Stats

320
views

216
downloads

This thesis analyzes the interaction of the carbon prices in the European Union Emissions Trading System (EU ETS) with other macroeconomic variables. In the thesis, the relationship of carbon prices with the indicative variables related to industrial production, economic expectations, weather conditions and stock markets, mainly fossil fuels, has been discussed within the framework of ARDL (autoregressive distributed lag) co-integration method. Both the long-term and short-term relationships of this interaction have been put forward. In addition, the causality relationship between the variables is presented by adopting the Toda-Yamamoto Granger Non-Causality test approach.

Subject Keywords

Climatic changes., Environmental protection., Carbon dioxide mitigation., Environmental impact analysis., Environmental impact charges.

URI

http://etd.lib.metu.edu.tr/upload/12623120/index.pdf
https://hdl.handle.net/11511/28049

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

The European Union Emission Trading Scheme and Its Drivers Uludağ, Arda; Tunç, Gül İpek (2020-05-01) This study analyzes the interaction of carbon prices in the European Union Emissions Trading Scheme (EU ETS) with other possible determinants. In the study, the relationship of carbon prices with the indicative variables related to industrial production, economic expectations, weather conditions and fossil fuels has been discussed within the framework of ARDL (autoregressive distributed lag) co-integration method. Both the short-term and long-term r...
Evolution of Black Sea fish stocks under changing environmental and climatic conditions Salihoğlu, Barış; Akoğlu, Ekin; Fach Salihoğlu, Bettina Andrea (2017-07-06) Here we present a case study toward producing quantitative scientific advice on the application of the EU Common Fisheries Policy (CFP) in the Black Sea. We provide estimates of fishing mortality rates at levels which will lead to rebuilding and maintaining stocks above biomass levels that could produce maximum sustainable yield (MSY) under the IPCC RCP4.5 future climate scenario together with the business as usual (BAU) river discharge scenario. In this study, we have implemented a coupled, basin-scale cir...
Energy consumption, economic growth, and carbon emissions: Challenges faced by an EU candidate member Soytaş, Uğur; Sarı, Ramazan (2009-04-15) This paper investigates the long run Granger causality relationship between economic growth, carbon dioxide emissions and energy consumption in Turkey, controlling for gross fixed capital formation and labor. The most interesting result is that carbon emissions seem to Granger cause energy consumption, but the reverse is not true. The lack of a long run causal link between income and emissions may be implying that to reduce carbon emissions, Turkey does not have to forgo economic growth.
Dynamics of transition to a low-carbon economy across Europe Hızlıok, Sena Setenay; Tanrısever, Oktay Fırat; Department of European Studies (2019) This thesis aims to examine the dynamics of transition to a low-carbon economy (LCE) across Europe through transition frameworks of European Union (EU), United Kingdom (UK), Germany, Poland and Turkey. Contrary to the general approaches in transition literature which study transitions as almost purely national processes, this thesis suggests that low-carbon transitions are global processes that require international cooperation. Within this scope, the thesis attempts to explore the dynamics of transition to...
Analyses on the Causality in Carbon Emission with respect to Economic Growth and Education ÜNLÜ, KAMİL DEMİRBERK; Kestel, Sevtap Ayşe (2017-01-01) This paper investigates the association between the level of carbon emission (CO2), economic growth and scholarly education levels in the countries chosen according to some specific characteristics using multivariate time series approach. It considers the impact of GDP and education enrollment, as a proxy of human capital, on the level of CO2 for the countries classified according to their economic developments and regional distribution. The analyses are assessed in three different cases two of which consid...

Citation Formats

A. Uludağ, “Drivers of carbon prices in the European Union emission trading scheme,” M.S. - Master of Science, Middle East Technical University, 2019.