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    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/141129


    Title: 排放交易系統和投資機會
    Emission Trading Systems and Investment Opportunities
    Authors: 費馬凱
    Fefelov, Mikhail
    Contributors: 郭維裕
    Kuo, Weiyu
    費馬凱
    Mikhail Fefelov
    Keywords: 排放交易系統
    排放配額
    投資
    Emissions trading systems
    emission allowances
    investments
    Date: 2022
    Issue Date: 2022-08-01 17:41:13 (UTC+8)
    Abstract: This thesis examines investment characteristics of emerging emission allowance markets, which are created under special mandatory regimes – emissions trading systems (ETSs). As a relatively new class of assets emission allowances can potentially provide many opportunities for diversification, hedging, and enhanced returns in the context of global climate policy responses. Using a broad secondary literature analysis, the thesis shows that the four emission allowance markets, where participation of financial investors is permitted, have stabilized over the recent years and can generally be considered investable in terms of liquidity, size, product standardization, price transparency, and credibility of market infrastructure. Nevertheless, investors need to pursue a balanced approach as the markets remain highly susceptible to regulatory changes, which can significantly impact the risk-return profile of emission allowances.
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    Description: 碩士
    國立政治大學
    國際經營管理英語碩士學位學程(IMBA)
    109933036
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0109933036
    Data Type: thesis
    DOI: 10.6814/NCCU202201128
    Appears in Collections:[International MBA] Theses

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