Introduction: Financial Implications of Regulations in the Energy Industry.- Environmental Regulatory Arbitrage by Business Groups in the Context of the European Union's Emission Trading System (EU-ETS).- Measuring the Effects of Energy Efficiency Policies: Evidence from Turkish Manufacturing Industry. The Convergence of Electricity Prices for European Untion Countries.- Blockchain as a Technology Backbone for an Open Energy Market.- Geopolitics and Gas-Transit Security through Pipelines.- Tapping the Potential: Turkey and Renewable Energy Sources.- The Financing Decision of Oil and Gas Companies: The Role of Country Level Shareholder Protection.- Attitudes of SMEs towards the Elements of Eco-Efficiency: The Turkish Case.- Volatility Spillovers between Oil and Stock Market Returns in G7 Countries: A VAR-DCC-GARCH Model.- Corporate Cash Holding in the Oil and Gas Industry: The Role of Energy Directives.- The Determinants of Systematic Risk of Renewable Energy Firms.- Optimizing Resource Usage in an Unobstrusive Way Through Smart Aggregation: The Case of Electric Vehicle Charging in Amsterdam.
André B. Dorsman is president of CEVI, Center for Energy and Value Issues (www. centerforenergyandvalue.org) and is advisor of MSE's and local governments as well as expert in court-cases.
Özgür Arslan-Ayaydin is Professor of Finance /Treasurer of CEVI and external evaluator & rapporteur to the REA of the European Commission.
James Thewissen is Professor of Corporate Finance at the Université Catholique de Louvain () and CEVI Board Member. He is also Visiting Professor at the Katholieke Universiteit Leuven, Vrije Universiteit Brussel and Shanghai University.
This book provides a broad overview of the financial, economic and legal implications of energy industry regulations in various countries. In light of significant changes around the globe, it analyses various institutions that are involved in regulative measures, and based on various country studies, it offers insights into how energy sector regulations differ across countries with different market structures and institutions. Covering major topics such as laws and regulations geared to market competition and sustainability and the impact of noncompliance to regulations, from the perspectives of financial markets, and financial risks, the book is divided into four parts: Part I Regulations: price and trade controls; Part II. Non-price & trade control regulations; Part III: Compliance with regulations; and Part IV: Market issues and regulation. It will appeal to scholar in economics, finance and related fields as well as to policymakers and practitioners in the energy industry.
This is the seventh volume in a series on energy organized by the Centre for Energy and Value Issues (CEVI). The previous volumes in the series were: Financial Aspects in Energy (2011), Energy Economics and Financial Markets (2012), Perspectives on Energy Risk (2014), Energy Technology and Valuation Issues (2015), Energy and Finance (2016) and Energy Economy, Finance and Geostrategy (2018).