Angel Pardo Tornero

Angel Pardo Tornero is a Professor in the Department of Financial Economics and Accounting at the Faculty of Economics, University of Valencia. He is a member of the EFEN (Financial Economics and Energy Finance) research group, where he focuses on carbon markets, energy finance, derivatives, and market microstructure.

His research interests lie at the intersection of financial economics and environmental markets, particularly in understanding the dynamics of carbon pricing, speculative behavior, hedging strategies, and the integration of climate risk into financial decision-making. He has extensively studied the European Union Emissions Trading System (EU ETS), analyzing topics such as trader positions, price clustering, volatility, and the role of weather and institutional factors in asset pricing.

His recent publications show a strong trend toward carbon finance and sustainable investing, with a focus on whether EUAs constitute a new asset class, the role of carbon in portfolio management, and the macroeconomic implications of carbon pricing. His work combines empirical financial econometrics with practical insights for market participants and policymakers.

Scientific awards:

• No awards mentioned in the provided text.

Advising and grants: While specific grants are not listed, Dr. Pardo has supervised PhD research, including his own thesis on financial market integration. There is no mention of current advisees or funded projects in the provided material.

Labs and teams: He is actively involved in the EFEN research group, which specializes in financial economics and energy finance, supporting collaborative research in sustainable and energy-related financial markets.