The Emerging Endgame: The EU ETS on the Road Towards Climate Neutrality | 2025 | with Michael Pahle, Sebastian Osorio, Claudia Günther and Robert Pietzcker
Resource and Energy Economics, 81: 101476. Link to journal article (open access). Link to SSRN working paper.
Long-Term Issues with the Energy-Only Market Design in the Context of Deep Decarbonization | 2024 | with Alexis Lebeau, Marie Petitet & Marcelo Saguan
Energy Economics, 132: 107418. Link to journal article (open access).
The Market Stability Reserve in the EU Emissions Trading System: A Critical Review | 2023 | with Simone Borghesi, Michael Pahle, Grischa Perino & Maximilian Willner
Annual Review of Resource Economics, 15(1): 131-52. Link to journal article (open access).
Financials Threaten to Undermine the Functioning of Emissions Markets | 2023 | with Michael Pahle
Nature Climate Change, 13: 22-31. Link to journal article & Link to 'view-only' article.
Medial coverage by: Financial Times & Bloomberg & Carbon Pulse (detailed briefing)
Why the Sustainable Provision of Low-Carbon Electricity Needs Hybrid Markets | 2022 | with Jan Horst Keppler and Marcelo Saguan
Energy Policy, 171: 113273. Link to journal article (open access).
The EU ETS Market Stability Reserve: Does it Stabilize or Destabilize the Market? | 2022 | with Grischa Perino, Maximilian Willner and Michael Pahle
Review of Environmental Economics and Policy, 16(2): 338-345. Link to journal article.
Raising Climate Ambition in Emissions Trading Systems: The Case of the EU ETS and the 2021 Review | 2022
Resource and Energy Economics, 68: 101300. Link to journal article (open access).
Emissions Trading with Transaction Costs | 2021 | with Marc Baudry and Anouk Faure
Journal of Environmental Economics and Management, 108: 102468. Link to accepted manuscript | Link to journal article.
Emissions Trading with Rolling Horizons | 2021 | with Raphaël Trotignon
Journal of Economic Dynamics and Control, 125: 104099. Link to accepted manuscript | Link to journal article.
Simplified model version used the for European Commission's MSR reform impact assessment: Link 1 & Link 2
Linking Permit Markets Multilaterally | 2019 | with Baran Doda and Luca Taschini
Journal of Environmental Economics and Management, 78: 102259. Link to journal article (open access).
Transitional Restricted Linkage between Emissions Trading Schemes | 2019| with Christian de Perthuis
Environmental and Resource Economics, 74(1): 1-32. Link to journal article (open access).
Hydraulics are a First-Order Control on CO2 Efflux from Fluvial Systems | 2015 | with Hazel Long, Leena Vihermaa, Susan Waldron, Trevor Hoey and Jason Newton
Journal of Geographical Research – Biogeosciences, 120(10): 1912-1922. Link to journal article (open access).
Emissions Trading with Supply Adjustment Mechanisms and Market Power | with Tom Brinker and Niklas Schoch
Available upon request.
Gradual Linking of Carbon Markets across Space and Time | with Jan Abrell, Dallas Burtraw, Michael Pahle and Matt Woerman
Available upon request.
Long-Term Financial Contracts for Electricity with Incomplete Capital Markets | with Khalil Helioui and Charles Weymuller
Available upon request.
[dormant] Intertemporal Abatement Decisions under Ambiguity Aversion in a Cap and Trade
CEC Working Paper 2017-03 – FAERE Working Paper 2017-06 | Link to latest version
Customer Switching in the Electricity Retail Market: Implications for Hedging, Risk Premia and Prudential Regulation | with Ángela Torres Corona and Julie Robin
Prices vs. Quantities with Capital Inertia: Electricity and Carbon Pricing in the Short and Long Run | with Matthieu Delacommune and Sébastien Lepaul
Properties of Long-Term Contracts in Hybrid Markets for Electricity | with Alexis Lebeau, Marie Petitet and Marcelo Saguan
Liquidity Provision vs. Consumption in the EU ETS | with Yassin El Hatri, Rüdiger Kiesel, Michael Pahle and Luca Taschini
Explaining the Spot-Futures Price Spread in Emission Permit Markets | with Marc Baudry and Marie Raude
Emissions Trading with Futures and Options Contracts | with Marc Baudry
A Simple First-Pass Decomposition of Emission Allowance Banking
[dormant] Hybrid Linkages between Heterogeneous Climate Policies | with Luca Taschini and Baran Doda
[dormant] Prices versus Quantities: A Higher Moment Characterization | with Luca Taschini