Corresponds to a ton of programs in Equivalent-CO 2 reduced or trapped thanks to a plan of the Mechanism for a clean development, calculated with the aid of the Potential of worldwide warming. To reflect possibility that a plan of afforestation or reforestation is not competitive, the 9 th Conference of Parties decided to use temporary certificates for the net elimination of gases with greenhouse effect anthropogenic. See also Units of discount of programs. It is a credit carbon generated by the discount of a ton of greenhouse gas emission (GES) emanating from a plan MOC, expressed in tons CO 2 (teqCO 2 ) is equivalent.
Published in Chapter:
Carbon Financial Market: The Case of the EU Trading Scheme
Adil El Amri (LERSEM, National School of Business and Management (ENCG), Chouaib Doukkali University, Morocco), Salah Oulfarsi (LERSEM, National School of Business and Management (ENCG), Chouaib Doukkali University, Morocco), Abdelhak Sahib Eddine (LERSEM, National School of Business and Management (ENCG), Chouaib Doukkali University, Morocco), Abdelbari El Khamlichi (LERSEM, National School of Business and Management (ENCG), Chouaib Doukkali University, Morocco), Yassine Hilmi (LERSEM, National School of Business and Management (ENCG), Chouaib Doukkali University, Morocco), Abdelmajid Ibenrissoul (ISO, National School of Business and Management (ENCG), Hassan II University, Morocco), Abdelouahad Alaoui Mdaghri (FSJESAC, Hassan II University, Morocco), and Rachid Boutti (LaRGe, National School of Business and Management (ENCG), Ibn Zohr University, Morocco)
Copyright: © 2022
|Pages: 22
DOI: 10.4018/978-1-7998-8210-7.ch017
Abstract
This chapter explains the drivers for carbon prices related to institutional decisions, energy prices, and weather events. The study focuses on price changes in the EU as being the most liquid carbon asset. In this regard, the daily spot price of the EU is highlighted to demonstrate the daily changes, given the high volatility in this carbon financial market. The CO2 prices depend on several determinants. This chapter constitutes an introduction to emission trading and an overview of the regulations of carbon financial markets. First, the price changes in the EU and primary energy prices are discussed. Second, the characteristics of emissions trading are introduced in terms of spatial and temporal limits, clean dark spread, and switch price. Third, a global analysis of atmospheric variables, structural variations, the subprime crisis, and the COVID-19 crisis is presented.