Business Consequences Of The Eu Emissions Trading Scheme

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Emissions Trading and Business

Author : Ralf Antes,Bernd Hansjürgens,Peter Letmathe
Publisher : Springer Science & Business Media
Page : 400 pages
File Size : 40,6 Mb
Release : 2006-11-22
Category : Business & Economics
ISBN : 9783790817485

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Emissions Trading and Business by Ralf Antes,Bernd Hansjürgens,Peter Letmathe Pdf

Emissions trading (ET) challenges business managers in an entirely new manner, changing the criteria by which environmental policy steers management decisions from hierarchical to monetary. The 24 contributions to this volume discuss ET theoretically and empirically in these broad topic areas: 1) Institutional design, decision making and innovation; 2) Investment and management strategies; 3) ET and business administration and 4) Effects of existing and emerging ET schemes.

EU Emissions Trading

Author : Jon Birger Skjærseth,Jørgen Wettestad
Publisher : Routledge
Page : 230 pages
File Size : 52,8 Mb
Release : 2016-04-22
Category : Political Science
ISBN : 9781317140351

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EU Emissions Trading by Jon Birger Skjærseth,Jørgen Wettestad Pdf

The EU Emissions Trading Scheme (EU ETS) has been characterized as one of the most far-reaching and radical environmental policies for many years. Given the EU's earlier resistance to this market-based and US-flavoured programme, the development and implementation of the EU ETS has been rapid. This novel approach to environmental regulation has the potential to affect not only greenhouse gas emissions in the EU, but also international strategies for climate change protection. This book investigates the origins, evolution and consequences of the EU ETS and offers significant contributions to the literatures on climate policy and EU policy making.

Emissions Trading and Competitiveness

Author : Michael Grubb
Publisher : Taylor & Francis
Page : 158 pages
File Size : 50,8 Mb
Release : 2012-05-04
Category : Political Science
ISBN : 9781136567506

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Emissions Trading and Competitiveness by Michael Grubb Pdf

Complying with the forthcoming tightening of CO2 emission allocations in the EU may mean big bills for the industries affected. In this special issue of Climate Policy journal, leading experts examine the impacts on competitiveness and the commercial incentives available from the CO2 allowance allocations under the methodologies, and whether - and if so at what stage - the ETS itself may need to be amended. The study is multidisciplinary, combining economic, legal and policy analysis with specific studies of impacts on electricity, cement and other industrial sectors and the allocation issues. It brings together the results of research conducted over the past two year from various research centres and consultancies in Europe, and in particular, work commissioned by the Carbon Trust and Climate Strategies Network. Through these, it presents the most comprehensive and detailed set of analyses yet conducted of the impacts of allocation on competitiveness - one of the most critical issues for the sectors affected and for the operation of the ETS.

Carbon Markets

Author : Arnaud Brohé,Nick Eyre,Nicholas Howarth
Publisher : Routledge
Page : 336 pages
File Size : 50,9 Mb
Release : 2012-05-16
Category : Business & Economics
ISBN : 9781136570230

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Carbon Markets by Arnaud Brohé,Nick Eyre,Nicholas Howarth Pdf

Winner of the Choice Outstanding Academic Titles of 2010 award. This book is a comprehensive and accessible guide to understanding the opportunities offered by regulated and voluntary carbon markets for tackling climate change. Coverage includes: - An overview of the problem of climate change, with a concise review of the most recent scientific evidence in different fields - A highly accessible introduction to the economic theory and different constitutive elements of a carbon allowances market - Explanation of the Kyoto Protocol and its flexibility mechanisms - Explanation of how the EU Emissions Trading Scheme works in practice - Ongoing developments in regulated carbon markets in the US - Up-to-the-minute coverage of regulated carbon markets in Australia - Developments in New Zealand and Japan - Carbon offsetting and voluntary carbon markets. Combining theoretical aspects with practical applications, this book is for business leaders, financiers, carbon traders, lawyers, bankers, researchers, policy makers and anyone interested in market mechanisms to mitigate climate change. The carbon emissions resulting from the production of this book have been calculated, reduced and offset to render the bookcarbon neutral. Published with CO2 Neutral

The EU Emissions Trading Scheme

Author : Sonja Butzengeiger
Publisher : Routledge
Page : 146 pages
File Size : 41,8 Mb
Release : 2018-12-07
Category : Political Science
ISBN : 9781134034741

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The EU Emissions Trading Scheme by Sonja Butzengeiger Pdf

This special issue of the Climate Policy journal outlines the fundamentals of the new European Emissions Trading Scheme (EU ETS), assesses the strategies for and impact of implementation and highlights the scheme's potential, including positive aspects and remaining hurdles. The EU Emission Trading Scheme (EU ETS) is the first international trading scheme for CO2 in the world. Its aim is to reduce the cost of compliance to existing targets under the Kyoto Protocol. From 1st January 2005, companies in high-energy sectors covered by the scheme must limit their CO2 emissions to allocated levels, arranged in two periods: from 2005-2007 and 2008-2012 (to match the first Kyoto commitment period). In practice, the scheme is likely to cover over 12,000 installations across the European Union, corresponding to approximately 46% of the total EU CO2 emissions. The EU ETS represents a significant development in working at an international level to combat dangerous climate change. The EU Emissions Trading Scheme presents a comprehensive and insightful analysis of the EU ETS, written by international experts in the field. The publication includes the latest research on emissions credits, the interaction of the trading scheme with national energy policies and the debate on future expansion.

Emissions Trading

Author : Ralf Antes,Bernd Hansjürgens,Peter Letmathe
Publisher : Springer Science & Business Media
Page : 281 pages
File Size : 40,5 Mb
Release : 2008-07-01
Category : Business & Economics
ISBN : 9780387736532

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Emissions Trading by Ralf Antes,Bernd Hansjürgens,Peter Letmathe Pdf

Emissions trading challenges the management of companies in an entirely new manner. Most importantly it shifts the mode of governance of environmental policy from hierarchy to market. The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes. They review schemes implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies resulting from the new policy framework.

Emissions Trading & Competitiveness

Author : Michael Grubb,Karsten Neuhoff
Publisher : Routledge
Page : 159 pages
File Size : 54,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 9781844074037

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Emissions Trading & Competitiveness by Michael Grubb,Karsten Neuhoff Pdf

First Published in 2006. Routledge is an imprint of Taylor & Francis, an informa company.

Corporate Responses to EU Emissions Trading

Author : Jon Birger Skjærseth,Per Ove Eikeland
Publisher : Routledge
Page : 302 pages
File Size : 48,9 Mb
Release : 2016-05-13
Category : Political Science
ISBN : 9781317159421

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Corporate Responses to EU Emissions Trading by Jon Birger Skjærseth,Per Ove Eikeland Pdf

The European Union (EU) aims to put Europe on track toward a low-carbon economy. In this striking challenge, the EU Emissions Trading System (EU ETS) has been singled out as the Union’s key climate policy instrument, ultimately aimed as a model for a global carbon market. The learning effect of the EU ETS could thus be tremendous. This study explores how the EU ETS actually works on the ground, affecting corporate climate strategies. It covers general sector responses as well as systematic comparative studies of companies across the sectors. The latter enables improved understanding of causal effects and the role of interaction between different policy instruments and other factors that impact corporate climate strategies. The study explores a broad set of mechanisms at play potentially linking the EU ETS to company climate strategies. These include how corporate norms of responsibility are affected by the EU ETS and how economic incentives provide opportunities for innovation. The book’s main contribution lies in its systematic examination of corporate responses to the EU ETS from a broad empirical and analytical social science perspective covering companies in all main EU ETS sectors: electric power, oil, cement, steel and pulp and paper.

Climate Change and the EU Emissions Trading Scheme (ETS)

Author : Larry Parker
Publisher : DIANE Publishing
Page : 22 pages
File Size : 47,8 Mb
Release : 2011
Category : Science
ISBN : 9781437929355

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Climate Change and the EU Emissions Trading Scheme (ETS) by Larry Parker Pdf

This is a print on demand edition of a hard to find publication. The European Union¿s (EU) ETS is a cornerstone of the EU¿s efforts to meet its obligation under the Kyoto Protocol. It covers more than 10,000 energy intensive facilities across the 27 EU Member countries. A ¿Phase 1¿ trading period began 1/1/05. A second, Phase 2, trading period began in 2008. A Phase 3 will begin in 2013 designed to reduce emissions by 21% from 2005 levels. Contents of this report: (1) Overview; (2) Results from Phase 1 and 2; (3) Phase 3: Auctions; New Entrant Reserves; Decision on Eligible Industries; Flexibility Mechanisms and Price Volatility Control; Expanding Coverage; (4) U.S. Cap-and-Trade Proposals: Emission Inventories and Target Setting; Coverage; Allocation Schemes; Flexibility and Price Volatility. Illustrations.

EU Emission Trading Scheme and the Effect on the Price of Electricity

Author : Nordisk Ministerråd
Publisher : Nordic Council of Ministers
Page : 76 pages
File Size : 54,5 Mb
Release : 2004
Category : Electric power production
ISBN : 9789289310444

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EU Emission Trading Scheme and the Effect on the Price of Electricity by Nordisk Ministerråd Pdf

Starting from January 1, 2005 the European Union will implement a scheme for trading with greenhouse gas (GHG) emission allowances. During the first trading period, 2005-2007, the scheme covers only CO2, and there is no international commitment to reduce the emission of GHG. During the second period, 2008-2012, the European Union has committed to reducing their emissions of GHG by 8% compared to 1990 levels. Emissions trading will create a cost of CO2 emissions and increase the marginal cost of producing electricity in fossil-fueled plants. This will result in an increase in the electricity price. For the period of 2005-2007, the likely range of allowance prices in the EU is estimated to be 1-5/tonne CO2 and for 2008-2012, 8-13/tonne CO2. Based on these estimates the effect on the price of electricity is analyzed. In the short run, the price increases in the Nordic countries, except Jutland, is less than the increase in marginal cost for coal plants. In the somewhat longer run (2012) the price increase is approximately the same as the increase in the marginal cost of modern gas-fired plants.

National Allocation Plans in the EU Emissions Trading Scheme

Author : Michael Grubb,Regina Betz,Karsten Neuhoff
Publisher : Routledge
Page : 199 pages
File Size : 43,5 Mb
Release : 2010-09-23
Category : Political Science
ISBN : 9781136535574

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National Allocation Plans in the EU Emissions Trading Scheme by Michael Grubb,Regina Betz,Karsten Neuhoff Pdf

The EU emissions trading scheme is the largest emissions control scheme in the world, capping almost half of European CO2 emissions. As the scheme emerges from its pilot phase, this special issue of Climate Policy journal analyses the lessons learned from the last two years and their implications for phase II. The volume presents some of the key analyses that helped inform the European Commission's decisions on national allocation plans, with research ranging from detailed country-by-country comparisons to more generic analysis that puts forward the case for harmonization. Challenging calls to seperate electricity from other sectors, a macroeconomic study suggests that the biggest efficiency gains come from inter-sectoral trading, even more than international trading. Empirical papers, which look at the expected scarcity of allowances in the market and merge models for the power and non-power sectors to project emissions and contrast these to the aggregate allocation volume, are complemented by two numerical simulations of trade and distributional effects, estimating the efficiency gains of the EU ETS in phase I and assessing allocation and distribution effects in the RGGI context.

The EU-Emission Trading System. Goals, Success and Challenges

Author : Ann-Sophie Theuring,Sina Hüfner
Publisher : GRIN Verlag
Page : 21 pages
File Size : 46,8 Mb
Release : 2017-09-05
Category : Political Science
ISBN : 9783668517790

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The EU-Emission Trading System. Goals, Success and Challenges by Ann-Sophie Theuring,Sina Hüfner Pdf

Seminar paper from the year 2016 in the subject Politics - Topic: European Union, grade: 2,0, ISEC-Institut Supérieur de l’Économie (dern. eufom University), language: English, abstract: This term paper discusses how to improve the European Union Emission Trading Scheme to have the lowest possible influence on companies with the highest possible reduction of greenhouse gases. Even though in theory this scheme may appear flawless there are a few conflicts and negative consequences which have a big influence on some participating countries. To get an overview, the problem of the emissions has to be explained first. After that, it is essential to explain the theory of the European Union Emission Trading Scheme with a summary of the main expected theoretical effects. There must be an empirical evaluation about the real effects in comparison to the theoretical expected ones. This part will be followed by a discussion on how the government needs to change the scheme to improve the consequences. At last, there will be a conclusion which will sum up the outcome of the discussion and give a perspective on the future. Being and staying healthy is one of the greatest wishes of humanity because it is assuring a longer life. But not only a highly developed health system protects people from illnesses, also living in a clean and safe environment extends the span of life. This is why it is always interesting to discuss new solutions of the government which shall protect the environment, improve our climate and increase our sustainability. In year 1997 the Kyoto protocol was added to the United Nations Framework Convention on Climate Change, short UNFCCC, to reduce those emissions gradually. In addition to this contract the European Union created in 2005 the European Union Emission Trading Scheme, short EU ETS. It allows companies to buy and trade a certain amount of emission permits.

Including Consumption in Emissions Trading

Author : Manuel W. Haussner
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 40,9 Mb
Release : 2021-03-26
Category : Law
ISBN : 9781800376854

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Including Consumption in Emissions Trading by Manuel W. Haussner Pdf

This timely book addresses the need for further measures to reduce greenhouse gas emissions in the European Union, arguing that the EU Emissions Trading Scheme does not offer sufficient incentives for the carbon-intensive materials sector. It highlights the challenge that emissions from industries such as iron and steel, cement and aluminium, amongst others, pose to the EU’s commitment to significantly cut emissions by 2030.

European Emissions Trading in Practice

Author : Stefano Clò
Publisher : Edward Elgar Publishing
Page : 201 pages
File Size : 48,5 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780857934437

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European Emissions Trading in Practice by Stefano Clò Pdf

'Emission markets are crucial both to provide the right incentives to reduce GHG emissions and to fund investments necessary for a transition to a low carbon world. Emission markets however cannot achieve these objectives if inappropriately designed. This book is a novel and fresh attempt to look at the real functioning of the EU Emission Trading Scheme and to assess its effectiveness and inconsistencies, its positive and negative impacts on industrial and financial markets. With the overall objective to improve its design and performance.' Carlo Carraro, University of Venice, Italy '. . . this important book has the great achievement of addressing a complicated and socially highly debated issue of how society could be given optimal incentives for emission reductions from a legal and economic perspective. Moreover, it not only addresses the various issues from a theoretical perspective, but provides important empirical evidence on the working of emissions trading as well. The book will undoubtedly have important lessons not only at the theoretical level, but also for policy makers interested in improving the effectiveness of emission trading schemes.' From the foreword by Michael Faure This unique and up-to-date book analyses the functioning of the European Emissions Trading Scheme (ETS) and assesses the extent to which relevant legislation has affected its capacity to promote cost-effective reduction of European carbon emissions. The author investigates whether inefficiency has been caused by both the ETS cap setting procedure and by the ETS relevant allocation rule, as defined by Directive 2003/87/EC. He then considers whether the new Directive 2009/29/EC, which reforms the ETS institutional design, is likely to improve the scheme's effectiveness by reducing the risk of carbon leakage which could potentially be a consequence of implementing a unilateral policy across the asymmetric political landscape of Europe. This well-documented book will appeal to researchers and postgraduate students in environmental law and environmental economics, as well as policymakers within environment, industry and economics, and electric and industrial operators and stakeholders. Environmental NGOs, energy and environmental consulting groups, members of the European Commission, and energy and environmental think-tanks will also find much to interest them in this insightful book.