Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:44:58am WEST
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Daily Overview |
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Carbon Markets and Green Innovation Location: D-105 Session Chair: Aurelien Saussay, London School of Economics and Political Science (LSE) | |
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From auctions to resale: permit flows in the EU ETS 1: EconomiX, Paris Nanterre University; 2: Climate Economics Chair, Paris Dauphine University; 3: FSR Climate, European University Institute This paper investigates the transmission channel between the primary and secondary markets in the European Union Emissions Trading System (EU ETS), focusing on the behaviour of auction winners. As auctions become the primary mechanism for regulators to inject permits into the system, understanding how auction winners influence secondary markets is increasingly important. Using micro-level data, we analyse auction concentration, identify auction winners and examine their net trading positions and permit banking behaviour. Our findings show that auctions are highly concentrated and dominated by a small group of frequent winners, many acting as net sellers on secondary markets while simultaneously increasing their accumulated holdings of permits. These dynamics suggest potential for the exercise of market power from auction winners and highlight the need for enhanced regulatory oversight as the EU ETS evolves. | |