[WP19] Estimating risk for the carbon market via extreme value theory: An empirical analysis of the EU ETS-Working Papers-Center for Energy and Environmental Policy Research

[WP19] Estimating risk for the carbon market via extreme value theory: An empirical analysis of the EU ETS

Author：ceep Source：ceep Date：2011-10-01 Views：

CEEP-BIT WORKING PAPER SERIES

Estimating risk for the carbon market via extreme value theory: An empirical analysis of the EU ETS

Zhen-Hua Feng
Yi-Ming Wei
Kai Wang

Working Paper 19
http://ceep.bit.edu.cn/english/publications/wp/index.htm

Center for Energy and Environmental Policy Research
Beijing Institute of Technology
No.5 Zhongguancun South Street, Haidian District
Beijing 100081
October 2011

This paper can be cited as: Feng Z-H, Wei Y-M, Wang K. 2011. Estimating risk for the carbon market via extreme value theory: An empirical analysis of the EU ETS. CEEP-BIT Working Paper.

This study is supported by the CAS Strategic Priority Research Program Grant No. XDA05150600, and the National Natural Science Foundation of China under Grant Nos.70733005 and 71020107026 , National Basic Research Program of China under the Grant No. 2012CB955704, EU-FP7 under the grant No.226282 and SRFDP under the Grant No. 20091101110044. The views expressed herein are those of the authors and do not necessarily reflect the views of the Center for Energy and Environmental Policy Research.

The Center for Energy and Environmental Policy Research, Beijing Institute of Technology (CEEP-BIT), was established in 2009.CEEP-BITconducts researches on energy economics, climate policy and environmental management to provide scientific basis for public and private decisions in strategy planning and management. CEEP-BIT serves as the platform for the international exchange in the area of energy and environmental policy.
Currently, CEEP-BIT Ranks 121, top10% institutions in the field of Energy Economics at IDEAS（http://ideas.repec.org/top/top.ene.htm), and Ranks 157, top10% institutions in the field of Environmental Economics at IDEAS (http://ideas.repec.org/top/top.env.html).

Yi-Ming Wei
Director of Center for Energy and Environmental Policy Research, Beijing Institute of Technology
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Attachments

WP19d.pdf