Login
Registrati
Reimposta password
Pubblica & Distribuisci
Soluzioni Editoriali
Soluzioni di Distribuzione
Temi
Pubblicazioni
Riviste
Libri
Atti
Editori
Blog
Contatti
Cerca
Carrello
EUR
USD
GBP
Italiano
English
Deutsch
Polski
Español
Français
Italiano
Home
Riviste
Environmental Protection and Natural Resources
Volume 32 (2021): Numero 2 (June 2021)
Accesso libero
Reflections on the Mechanisms to Protect Against Formation of Price Bubble in the EU ETS Market
Robert Jeszke
Robert Jeszke
e
Sebastian Lizak
Sebastian Lizak
| 30 giu 2021
Environmental Protection and Natural Resources
Volume 32 (2021): Numero 2 (June 2021)
INFORMAZIONI SU QUESTO ARTICOLO
Articolo precedente
Articolo Successivo
Sommario
Articolo
Immagini e tabelle
Bibliografia
Autori
Articoli in questo Numero
Anteprima
PDF
Cita
CONDIVIDI
Pubblicato online:
30 giu 2021
Pagine:
8 - 17
DOI:
https://doi.org/10.2478/oszn-2021-0005
Parole chiave
EU ETS
,
EUA price
,
MSR
,
price bubble
,
market manipulation
,
speculators
,
price volatility
,
cap tightening
© 2021 Robert Jeszke et al., published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Figure 1
EUA allowances on the secondary spot market in the period from April 2013 to June 2021 (prices in EUR)Source: Own study based on ICE and EEX data
Figure 2
Comparison of Bitcoin quotations, EUA allowances (DEC Futures) and NASDAQ over April 2013 to June 2021 (in US dollars)Source: Own study based on investing.com data
Figure 3
EUA allowance prices (blue line) in recent years with the 200-session moving average (green line) on a weekly basis (prices in EUR).Source: investing.com
Figure 4
EUA allowances futures long positions by buyer typeSource: own study based on Refinitiv
Figure 5
Option 1 of Article 29a based on 2019 and 2020 simple averages. In this example assuming a daily EUA price increase of 0,31 EUR the mechanism would be triggered in 28-th of December 2021 when the closing EUA price would reach to 94,18 EUR (6-moving average crossing triple 2019–2020 average)Source: own study based on ICE and EEX data
Figure 6
Option 2 of Article 29a based on 2019 and 2020 moving averages with constant triple average. In this example assuming a daily EUA price increase of 0,51 EUR the mechanism would be triggered 28 December 2021 when the closing EUA price would reach 121,18 EURSource: own study based on ICE and EEX data
Figure 7
Option 3 of Article 29a based on 2019 and 2020 moving averages with triple moving average. In this example assuming a daily EUA price increase of 3 EUR the mechanism would be triggered on 28 December 2021 when the closing EUA price would reach to 457,33 EUR (six-moving average crossing triple 2-year average)Source: own study based on ICE and EEX data