Fair price of carbon credits - an account of incentive price offers

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dc.contributor.authorMwangi, Monica Muthoni
dc.date.accessioned2016-03-31T05:45:26Z
dc.date.available2016-03-31T05:45:26Z
dc.date.issued2015-11
dc.descriptionSubmitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science - Financial Economics at Strathmore Universityen_US
dc.description.abstractIn this paper, we introduce the relationship between carbon credit prices and incentive bids. We incorporate different carbon trading systems on Certified Emission Reduction units to examine the underlying distribution of their price paths. We adopt the use of software like R and Easy Fit to accomplish this task. Based on the analysis of the opening and closing carbon credit prices during 2007 to 2014 from the Emission Reduction Trading System, we establish the distributions as being a Gamma 3p for EUAs and Cauchy for CERs. We also establish the lack there of independence in the prices of carbon credits in different branding systems and determine the valuation of carbon credit projects implemented in Kenya. We provide the detailed policy implications of the above conclusions especially so for developing economies.en_US
dc.identifier.urihttp://hdl.handle.net/11071/4374
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectFair priceen_US
dc.subjectCarbon creditsen_US
dc.subjectIncentive price offersen_US
dc.titleFair price of carbon credits - an account of incentive price offersen_US
dc.typeOtheren_US
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