The erratic behaviour of the EU ETS on the path towards consolidation and price stability

The Kyoto Protocol envisages the use of various instruments to achieve emission reduction targets, one of which is the European Union Emission Trading Scheme (EU ETS), the most important market worldwide for CO₂ emission allowances. The volume of European Union Allowances traded represents over 45% of all the carbon dioxide generated by human activity within the continent. In its first two phases (2005–2012), the behaviour of the EU ETS was erratic, as a result of discretionary policies, an oversupply of allowances and reduced economic activity due to the global crisis. These factors caused excessively low prices that distorted the initial goals of achieving low-carbon solutions. From 2013, changes were made to the market regulation mechanisms in order to correct these structural deficiencies. Empirical analysis of daily prices in the two central phases of the market, following the pattern of ARCH and GARCH models, shows that the measures taken within the EU generated greater confidence and stability in the market and thus reduced volatility. Subsequent price behaviour, following a bullish path, has confirmed the success of the measures taken and their contribution to fulfilling emission reduction targets.     

How women are imagined through conceptual metaphors in United Nations Security Council Resolutions on women,peace and security

United Nations Security Council Resolution 1325 is a landmark pronouncement on the Women, Peace and Security Agenda. Not only does this resolution highlight the important role of the involvement of women in peace processes, but it also stresses the importance of their equal participation in all efforts for the maintenance and promotion of peace. Furthermore, it also triggers the approval of some other resolutions, which are all further elaborations on that first document. The aim of this paper is to analyse, from a cognitive linguistic perspective, the way in which women are actually narrated in these pronouncements by means of the two conceptual metaphors that are most often repeated: WOMEN ARE VICTIMS, typically found in earlier resolutions, and WOMEN ARE AGENTS OF CHANGE, as the metaphor that has gained more strength and visibility as new resolutions have continued to appear. As metaphors are the cognitive lenses we use to make sense of abstract concepts, it is important that we look closely at each of those metaphors to see how they shape the characterization of women in times of armed conflict and post-conflict and, in doing so, how they guide our understanding and behaviour towards them.     

Building indicators to address community sustainability: learning from the Mixteca region,Mexico

This article reports on an indicator model to assess sustainability at the community level that was developed by an interdisciplinary work group. We applied this model in a case study of the Mixteca region in Oaxaca, Mexico, and provided a tool guide to measure the effectiveness of community-based actions. Two innovative aspects are presented: an iterative process with the community to develop a locally appropriate set of indicators drawn from the literature, and a baseline diagnostic assessment of the community’s performance on these indicators. This assessment may serve as a basis for future research and community-driven projects.     

The Spanish model of New Journalism in a European context

This work deals with the study of the evolution and the historical experience of Spanish journalism in the context of decades of transition between the nineteenth and twentieth centuries. From the selection of the most relevant cases and the examination of tracking, or not, of models and European patterns of the reference press, singularities and analogies of the historical evolution of the Spanish journalism model may be seen – an evolutionary model fully registered within the framework of Western Europe and in one of its most fruitful phases: the origins and first development of the mass media. Therefore, the following trilogy of reference media is selected covering specified time periods: El Imparcial, Madrid, 1867–1933; La Vanguardia, Barcelona, 1881; and ABC, Madrid, 1903.     

The roads to parliamentarianism. Models of political inclusion and exclusion between Spain and Mexico, 1810–65

The Cadiz courts symbolize the foundational episode of the liberal revolutions that took place in Spain and Latin America, and from this starting point, this article undertakes a comparative analysis of the different roads in political experimentation implemented in Spain and post-independent Mexico, during the first decades of the nineteenth century, in applying and consolidating liberal state models. In this case, emphasis is given to the debate arising around the representation and idea of political inclusion and exclusion put forward by the different legal frameworks in both countries, as essential cornerstones for modulating the different typologies of parliamentarianism, of the electorate and of the parliamentarian ideal, where a direct link is underlined between elitism and parliamentarian representation.     

Railway Development and the Economic and Political Integration of the Balkans,c. 1850–2000

This article uses the evolution of the railways to examine the relationship between the level of economic integration and external political influences in the Balkans over a period of 150 years. The analysis focuses on two key themes: the long-term spatial evolution of the railway network and external influences on this infrastructure. To undertake this territorial analysis, we first established a Historical Geographical Information System (HGIS) that allowed us to interpret data on the evolution of the railway network and then related this to other data on themes such as changing international borders and the nationality of investment.     

Mapping Religious Change in Latin America

Using Latinobarometer survey data, we study the evolution of religious identities among the adult populations of 17 Latin American countries between 1996 and 2013. We find several interesting patterns. First, the current religious landscape is highly dynamic and is becoming increasingly pluralist among a majority of countries. Changes derive not only from the growth of Evangelicals, as commonly assumed, but also from the sharp rise in irreligious individuals. Second, religious change cannot be convincingly explained by important theories such as secularization, religious economies, and anomie. However, the predictions derived from anomie theory seem more useful for understanding Evangelical growth. Finally, our cohort analysis indicates that aggregate religious change largely results from individual‐level change across time—religious conversion and apostasy—rather than from generational replacement. Still, there are interesting variations across countries in that respect.