EN
Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative
Abstract
Numerous studies have investigated the dynamic interrelationship between carbon emission trading market and energy markets. Previous studies focused on the European Union Emissions Trading Scheme ascertain that carbon market and energy markets are closely attached, and find that electricity market is the main driver of the system. Our research on U.S. Regional Greenhouse Gas Initiative (RGGI) using Lag Augmented Vector Autoregression reveals that the RGGI market and electricity market in the region are tied but not strongly, unlike the EU-ETS. This loose relationship between the two markets might be explained by the recent weak carbon credit demand stemming from fuel switching and low electricity demand. Another finding is that natural gas is the main driver of the RGGI system, which is possibly due to from the recent shale gas boom.
Keywords
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
-
Yayımlanma Tarihi
1 Haziran 2015
Gönderilme Tarihi
1 Haziran 2015
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 2015 Cilt: 5 Sayı: 2
APA
Kim, M.-K., & Lee, K. (2015). Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative. International Journal of Energy Economics and Policy, 5(2), 494-501. https://izlik.org/JA25DY66TH
AMA
1.Kim MK, Lee K. Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative. IJEEP. 2015;5(2):494-501. https://izlik.org/JA25DY66TH
Chicago
Kim, Man-Keun, ve Kangil Lee. 2015. “Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative”. International Journal of Energy Economics and Policy 5 (2): 494-501. https://izlik.org/JA25DY66TH.
EndNote
Kim M-K, Lee K (01 Haziran 2015) Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative. International Journal of Energy Economics and Policy 5 2 494–501.
IEEE
[1]M.-K. Kim ve K. Lee, “Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative”, IJEEP, c. 5, sy 2, ss. 494–501, Haz. 2015, [çevrimiçi]. Erişim adresi: https://izlik.org/JA25DY66TH
ISNAD
Kim, Man-Keun - Lee, Kangil. “Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative”. International Journal of Energy Economics and Policy 5/2 (01 Haziran 2015): 494-501. https://izlik.org/JA25DY66TH.
JAMA
1.Kim M-K, Lee K. Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative. IJEEP. 2015;5:494–501.
MLA
Kim, Man-Keun, ve Kangil Lee. “Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative”. International Journal of Energy Economics and Policy, c. 5, sy 2, Haziran 2015, ss. 494-01, https://izlik.org/JA25DY66TH.
Vancouver
1.Man-Keun Kim, Kangil Lee. Dynamic Interactions between Carbon and Energy Prices in the U.S. Regional Greenhouse Gas Initiative. IJEEP [Internet]. 01 Haziran 2015;5(2):494-501. Erişim adresi: https://izlik.org/JA25DY66TH