This research uses country-specific economic policy uncertainty (EPU) indices to predict the
volatility of European Union Allowance (EUA) futures and compares dimension reduction …

Green bonds, due to their inherent externalities, pose challenges in achieving equilibrium
prices under optimal public resource allocation and social welfare without governmental …

This paper studies the relation between the trading activity of market participants and the
volatility of the European Emission Allowance price during Phase I of the European Union …

This paper presents an analysis of the European Emission Trading System as a transaction
network. It is shown that, given the lack of well-identified trading institutions, industrial actors …

In this paper, we establish a model based on real options theory and fractional Brownian
motion (FBM) with jumps to price green bonds, and thus alleviate the externalities of green …

Carbon financial futures have both the characteristics of commodity futures and
environmental protection and its price is affected by many factors. It is hard and complex for …

Many analysts believe that natural gas will have an increasingly important role in the next
few decades. Accordingly, understanding the underpinnings of natural gas prices is likely to …

This paper proposes an estimation methodology for Lévy-driven Ornstein–Uhlenbeck
processes. The estimation unfolds in two steps, with a least-squares method for a subset of …

Transitioning the economy from one that relies on fossil fuels to one that emphasizes
renewable energy sources will have important implications for the pattern of natural …

To identify the jump forms of carbon asset price under the shocks of significant information,
this paper focuses on two aspects: different jump directions and jump time points. Therefore …