New article published by Simone Borghesi: With or without U(K): a pre-Brexit network analysis of the EU ETS
Simone Borghesi has published with Andrea Flori (Polytechnic of Milan) an article entitled “With or without U(K): a pre-Brexit network analysis of the EU ETS” on the open-access journal PLOS One. The article focuses on the impact that a Brexit from the European Emission Trading System (EU ETS) would have on the configuration of the European carbon market.
The UK has always played a crucial role in the EU ETS, being one of the most active national registry and a crucial hub for the exchange of allowances in the market. Using network theory, the authors investigate a few different scenarios emerging from a possible reallocation of the transactions that have involved UK partners and show how this would affect the centrality of the other countries in the EU ETS.