BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//What Works - ECPv6.17.1//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:What Works
X-ORIGINAL-URL:https://whatworksclimate.solutions
X-WR-CALDESC:Events for What Works
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Europe/Berlin
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20230326T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20231029T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20240331T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20241027T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20250330T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20251026T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Berlin:20240612T120000
DTEND;TZID=Europe/Berlin:20240612T133000
DTSTAMP:20240531T090033Z
CREATED:20240508T125718Z
LAST-MODIFIED:20240531T090033Z
UID:10000166-1718193600-1718199000@whatworksclimate.solutions
SUMMARY:European carbon pricing in boom and bust times
DESCRIPTION:In this study\, we explore the relationship between European carbon prices\, energy prices and the macroeconomy in boom and bust times. Utilizing a smooth transition structural VAR model\, we analyze monthly data spanning from 2006 to 2023. Our model benefits from identification through non-Gaussianity and the correlation with external carbon and energy shock series. Notably\, our analysis reveals heterogeneous effects observed across two distinct regimes of economic activity and when considering the cost pass-through to the transport sector specifically. Furthermore\, our findings support that crises affect carbon prices\, but challenge the notion of a strengthened linkage between carbon prices and economic performance in recent periods. Linking carbon price dynamics to the business cycle allows to discuss the role of a flexible emission cap in enhancing the effectiveness of carbon pricing across various economic conditions. This is particularly relevant for the recent extensions of the EU ETS to sectors like road transportation.
URL:https://whatworksclimate.solutions/presentation/european-carbon-pricing-in-boom-and-bust-times/
LOCATION:H 0107
END:VEVENT
END:VCALENDAR