Dr. Nyangon Reviews Landmark Book on Carbon Finance

Dr. Nyangon has published a review in The Energy Journal of Carbon Finance: How Carbon and Stock Markets are Affected by Energy Prices and Emissions Regulations by Svetlana Viteva and Yulia Veld-Merkoulova. The book offers an in-depth exploration of the economic and financial dynamics of carbon markets, analyzing how carbon trading and regulatory policies influence stock market performance and the volatility of carbon-linked securities.

The volume provides a comprehensive examination of carbon markets, focusing on the European Union Emissions Trading Scheme (EU ETS) as the most developed example. Through empirical analysis, it evaluates the effects of energy prices, oil-to-gas price spreads, and emissions regulations on both firm-level and market-wide financial outcomes. The book also details the historical evolution of carbon and energy markets, highlights policy mechanisms such as emissions trading and carbon taxes, and investigates the interplay between regulatory announcements and market efficiency.

Dr. Nyangon notes that the work stands out for its structured presentation, rigorous methodology, and practical relevance. Readers gain insights into the institutional and economic factors shaping carbon market pricing, investor responses to regulatory signals, and the broader implications for financial markets. This review emphasizes the book’s contribution to understanding how environmental and energy policies intersect with global financial systems.

The book is an essential resource for academics, policymakers, and investors seeking to understand the intricate connections between carbon regulation, energy markets, and financial performance.