Articles científics

• Impacts of regulatory announcements on CO2 prices

  Mansanet-Bataller, Maria and Ángel Pardo

  (2009).Article

  The Journal of Energy Markets. Num.2, 2, 1-33

• The Spanish Electricity Intraday Market: Prices and Liquidity Risk

  Furió, Dolores; Lucia, Julio J. and Vicente Meneu

  (2009).Article

  Current Politics and Economics of Europe. Num.20, 1, 1-22

• Congestion Management Rules and Trading Strategies in the Spanish Electricity Market

  Furió, Dolores and Julio J. Lucia

  (2009).Article

  Energy Economics. Num.31 48-60

• CO2 Prices and Portfolio Management

  Mansanet-Bataller, Maria and Ángel Pardo

  (2008).Article

  International Journal of Global Energy Issues. Num.Vol. 35 Nums. 2/3/4, 158-177

  Since January 2005, the attention on European carbon markets has been increasing and thus the interest in studying the implications of the existence of two new assets in portfolio management. In this article we analyse both the characteristics of the EUAs Phase I and Phase II as a sole investment and the impact of including these two assets, considered separately, in a well-diversified portfolio. In order to control the problems of using historical returns, we have performed this analysis using as expected returns either historical returns or risk-adjusted returns. We find that, although the weights of EUAs are not too important when incorporating the EUAs in an optimal and well-diversified...

  Since January 2005, the attention on European carbon markets has been increasing and thus the interest in studying the implications of the existence of two new assets in portfolio management. In this article we analyse both the characteristics of the EUAs Phase I and Phase II as a sole investment and the impact of including these two assets, considered separately, in a well-diversified portfolio. In order to control the problems of using historical returns, we have performed this analysis using as expected returns either historical returns or risk-adjusted returns. We find that, although the weights of EUAs are not too important when incorporating the EUAs in an optimal and well-diversified portfolio, the efficient frontier shows an increase in investor possibilities.

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  DOI: 10.2139/ssrn.1156975

• What you Should Know to trade in CO2 Markets

  Mansanet-Bataller, Maria and Ángel Pardo

  (2008).Article

  Energies. Num.1, 3, 120-153