Work

On fair pricing of emission-related derivatives

Year: 2010

Type: article

Abstract: Tackling climate change is at the top of many agendas. In this context, emission trading schemes are considered as promising tools. The regulatory framework for an emission trading scheme introduces a market for emission allowances and creates a need for risk management by appropriate financial contracts. In this work, we address logical principles underlying their valuation.

Source: Bernoulli

DOI: 10.3150/09-bej242

Authors: Juri Hinz, Alex Novikov

Institutions: National University of Singapore, University of Technology Sydney

Language: English

Topic: Stochastic processes and financial applications

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Climate action

Open Access status: bronze

OpenAlex ID: W1491984573