The degree of influence of each variable on the EUA price
| Primary indicators | Secondary indicators | Relativity | Strength |
|---|---|---|---|
| Substitute | CER | −0.2039 | Strong |
| Economic development | Euro Stoxx600 | 0.2438 | Strong |
| Euro Stoxx50 | −0.2290 | Strong | |
| FTSE | 0.1044 | Strong | |
| CAC40 | 0.1232 | Strong | |
| DAX | −0.0607 | Medium | |
| Black energy | Coal | 0.0556 | Medium |
| Brent | −0.0484 | Medium | |
| Clean energy | Gas | 0.0308 | Medium |
| PV Crystalox Solar | 0.0270 | Medium | |
| Nordex | −0.0327 | Medium |
| Primary indicators | Secondary indicators | Relativity | Strength |
|---|---|---|---|
| Substitute | CER | −0.2039 | Strong |
| Economic development | Euro Stoxx600 | 0.2438 | Strong |
| Euro Stoxx50 | −0.2290 | Strong | |
| FTSE | 0.1044 | Strong | |
| CAC40 | 0.1232 | Strong | |
| DAX | −0.0607 | Medium | |
| Black energy | Coal | 0.0556 | Medium |
| Brent | −0.0484 | Medium | |
| Clean energy | Gas | 0.0308 | Medium |
| PV Crystalox Solar | 0.0270 | Medium | |
| Nordex | −0.0327 | Medium |
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