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Financials threaten to undermine the functioning of emissions markets
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Allowance markets are seldom studied from a financial market perspective or with frameworks using a market microstructure of heterogeneous agents with different trading motives and behaviors.
“allowance markets are seldom studied from a financial market perspective or with frameworks using a market microstructure of heterogeneous agents with different trading motives and behaviors (Friedrich et al. 2020b, Quemin & Pahle 2023).”
From The Market Stability Reserve in the EU Emissions Trading System: A Critical Review (2023) · cites this paper as Quemin & Pahle 2023
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Metadata
- Authors
- Quemin, S., & Pahle, M.
- Affiliations
- Université Paris Sciences et Lettres (FR)
- Leibniz Association (DE)
- Corresponding author
- Quemin, Simon
- Venue
- Nature Climate Change
- Published
- 2022-12-29
- Volume
- 13
- Issue
- 1
- Pages
- 22-31
- ISSN
- 1758-678X (ISSN-L)
- 1758-6798
- OpenAlex
- W4313332608
- Cited by
- 49
- References
- 75
- Citations by year
- 2026: 7 · 2025: 11 · 2024: 14 · 2023: 9 · 2022: 7
- FWCI
- 8.24
- Type
- journal article
- Language
- en
- Open access
- green
- doi.org
- Licence
- Locations
- Nature Climate Change (publishedVersion)
- SSRN Electronic Journal (acceptedVersion)
- London School of Economics and Political Science Research Online (London School of Economics and Political Science) (acceptedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Publication Database PIK (Potsdam Institute for Climate Impact Research (PIK)) (submittedVersion)
- Funders
- German Federal Ministry of Education and Research under the Kopernikus-Projekt Ariadne (FKZ 03SFK5A).
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Market Dynamics and Volatility
- Social Sciences › Economics, Econometrics and Finance › Finance › Finance, Markets, and Regulation
- Keywords
- emissions trading, speculation, financial trading, EU Emissions Trading System, market oversight, carbon pricing, emission limits
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
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