Given the manifold challenges of financial sectors in developing and transition countries, one might be tempted to believe that embarking on "green" finance is not a priority for financial systems development. However, there are a number of arguments against this view. Environme…
This thesis examines the informational efficiency of the European carbon market based on the European Union Emissions Trading Scheme (EU ETS). The issue is approached from three different perspectives. I explore whether the volatility embedded in carbon options is a rational for…
Annotation Emissions trading challenges the management of companies in an entirely new manner. Most importantly it shifts the mode of governance of environmental policy from hierarchy to market. The contributions in this book discuss the theoretical implications of different ins…
Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode…
Annotation Emissions trading challenges the management of companies in an entirely new manner. Most importantly it shifts the mode of governance of environmental policy from hierarchy to market. The contributions in this book discuss the theoretical implications of different ins…
Annotation
"As the world has witnessed the worst financial crisis and climate crisis of our age, during the period of 2007-2009, the issues surrounding the emergence and development of financial markets and carbon markets is becoming an increasingly significant area of research and debate …
A PDF version of this book is available for free in open access via the OAPEN Library platform, www.oapen.org. This book examines the emergence of both financial markets and carbon markets, and provides an in-depth investigation on the fundamental determinants of financial devel…