Theoretical and Applied Mechanics Japan
Online ISSN : 1349-4244
Print ISSN : 1348-0693
ISSN-L : 1348-0693
II. Dynamics and Optimization
An Econometric Analysis of CO2, Fuel, and Electricity Prices
Misao Endo
ジャーナル フリー

2010 年 58 巻 p. 51-59


Using an example from Europe, this paper considers energy commodities such as crude oil, natural gas, and wholesale electricity, which are deemed to affect the price of CO2 and its fluctuation. I analyzed their mutual relationships and the characteristics of the changes in their market prices. The market price of CO2 should be a guide for firms deciding on technologies to be adopted for reducing CO2 emissions as well as their level of investment. Therefore, stability in the price is desirable. However, the analysis of this paper shows that these energy commodities are mutually related, and that their market prices are correlated and fluctuate greatly. Japan started to test-drive an integrated domestic market for emissions trading in October 2008. While it is anticipated to function as Japan's countermeasure to global warming, it brings considerable uncertainties to firms striving to reduce CO2 emissions.

© 2010 by National Committee for IUTAM
前の記事 次の記事