Carbon Finance, 1st ed. 2016 How Carbon and Stock Markets are affected by Energy Prices and Emissions Regulations

Maximizing reader insights into the methodologies and cutting-edge research concerning the financial aspects of carbon markets, this book analyzes the economic and financial effects of carbon trading and regulations on the stock market prices of individual companies as well as the joint effects of regulations and of the prices of oil and gas on the prices and volatility of the traded carbon securities. dvanced students interested in energy finance, and for the finance practitioners and investors in the energy and carbon intensive industries.

Introduction.- How does European carbon market work.- Do regulations affect carbon market returns and volatility?.- Does CO2 emissions performance matter for stock prices?.- Conclusions, limitations and future research.

Dr. Yulia Veld-Merkoulova is an Associate Professor of Finance in Monash University. She previously held positions in Erasmus University Rotterdam, Simon Fraser University, University of Stirling and Glasgow University. Dr Veld-Merkoulova is an expert in the field of finance and investments, including energy finance. She published numerous research articles and book chapters on the topics of energy derivatives and energy markets, optimal investment strategies, and valuation effects of corporate events on stock market prices. Her work has been featured in CFA Digest, New York Times, and in finance textbooks. Yulia is a frequent speaker at both academic and professional conferences in finance and investments.
Dr. Svetlana Viteva holds a PhD in Finance (University of Stirling), an MSc in Investment Analysis (University of Stirling) and BA in Economics and Business Administration (American University in Bulgaria). She has done research in the field of carbon finance and published in Energy Economics before moving to the investment industry. Currently, she works as an investment analyst at Baillie Gifford & Co, one of the oldest investment firms in the UK.