Open Access
November 2010 On fair pricing of emission-related derivatives
Juri Hinz, Alex Novikov
Bernoulli 16(4): 1240-1261 (November 2010). DOI: 10.3150/09-BEJ242

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.

Citation

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Juri Hinz. Alex Novikov. "On fair pricing of emission-related derivatives." Bernoulli 16 (4) 1240 - 1261, November 2010. https://doi.org/10.3150/09-BEJ242

Information

Published: November 2010
First available in Project Euclid: 18 November 2010

zbMATH: 1232.91665
MathSciNet: MR2759178
Digital Object Identifier: 10.3150/09-BEJ242

Keywords: emission derivatives , environmental risk

Rights: Copyright © 2010 Bernoulli Society for Mathematical Statistics and Probability

Vol.16 • No. 4 • November 2010
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