scholarly journals The impact of the EU-ETS on the aviation sector: Competitive effects of abatement efforts by airlines

2018 ◽  
Vol 113 ◽  
pp. 20-34 ◽  
Author(s):  
Consuelo R. Nava ◽  
Linda Meleo ◽  
Ernesto Cassetta ◽  
Giovanna Morelli
Keyword(s):  
Eu Ets ◽  
Competitive Effects ◽  
The Impact ◽  
The Eu

The role of EU-ETS Mechanism as Environmental Investment Promoter in Europe and Developing Countries

2014 ◽  
pp. 85-134
Author(s):  
Carlos Díaz Valdivia
Keyword(s):  
Developing Countries ◽  
Phase I ◽  
Interest Rates ◽  
Kyoto Protocol ◽  
Energy Prices ◽  
Eu Ets ◽  
Environmental Investment ◽  
The Impact ◽  
The Eu

This research attempts to provide a better understanding about the role of the European Union Emission Trading System (EU-ETS) as private environmental investment promoter. It explores the macroeconomic behavior of private environmental investments before and after the implementation of EU-ETS in 2005 until the end of Phase I of the mechanism. Also, private environmental investments are contrasted with variables like: economic growth, interest rates, and energy prices (gas and electricity) in order to quantify the impact of these on private environmental decisions and evaluate the level of impact (slow, moderate and strong) of all these variables together with the EU-ETS implementation on private environmentalinvestment decisions. For this purpose it is used a statistical approach through multiple linear regressions for the cases of Germany, Spain, France and The Netherlands and a single panel estimation with data information of all the countries mentioned. The results show that the signature of Kyoto Protocol in year 1997 -as a preamble of EU-ETS- provided a perverse incentive on private environmental investments until 2004. During Phase I (2005–2007) of the EU-ETS mechanism, private environmental investments showed an important positive recovery that was not enough to reach pre Kyoto Protocol levels. Finally, it is analyzed the investment in developing countries through CDM projects.

scholarly journals Impact of Eu Ets on Sustainable Development of its Participants in Latvia

2012 ◽  
Vol 11 (1) ◽  
pp. 165-177
Author(s):  
Ilze Prūse
Keyword(s):  
Sustainable Development ◽  
Emissions Trading ◽  
Greenhouse Gas Emission ◽  
Eu Ets ◽  
The European Union ◽  
Gas Emission ◽  
Trading System ◽  
The Sustainable Development ◽  
The Impact ◽  
The Eu

Abstract Latvia is covered by the European Union Emissions Trading System (EU ETS) and therein 80 participants from Latvia have participated. The goal of the paper is to analyse the impact of the EU ETS on the sustainable development of its participants in Latvia. The concept of sustainable development is explored with respect to both macro and micro scale and in the context of sustainable development the EU ETS is described. The impact of the EU ETS on its participants in Latvia is considered by means of methods of quantitative and qualitative analysis. It has been established that in past the participants of the EU ETS from Latvia had generally beneficial positions in the EU ETS; hence although the EU ETS did not directly promote greenhouse gas emission reductions, it provided opportunities to gain additional profits and many of the EU ETS participants in Latvia made use of them. In addition, certain interrelationships have been identified between the data on the EU ETS participants performing EUA trading and the data on the EU ETS participants not performing EUA trading. It has been concluded that the EU ETS might have contributed towards the sustainable development of its participants in Latvia within its certain dimensions.

Why the EU ETS needs reforming: an empirical analysis of the impact on company investments

2013 ◽  
Vol 14 (5) ◽  
pp. 537-558 ◽  
Author(s):  
Åsa Löfgren ◽  
Markus Wråke ◽  
Tomas Hagberg ◽  
Susanna Roth
Keyword(s):  
Empirical Analysis ◽  
Eu Ets ◽  
The Impact ◽  
The Eu

The impact of the EU ETS on firms' investment decisions: evidence from a survey

2015 ◽  
Vol 6 (5-6) ◽  
pp. 221-231 ◽  
Author(s):  
Arnaud Brohé ◽  
Sylvain Burniaux
Keyword(s):  
Investment Decisions ◽  
Eu Ets ◽  
The Impact ◽  
The Eu

scholarly journals Does Carbon Risk Matter? Evidence of Carbon Premium in EU Energy-Intensive Companies

Energies ◽  
2021 ◽  
Vol 14 (7) ◽  
pp. 1855
Author(s):  
Pawel Witkowski ◽  
Adam Adamczyk ◽  
Slawomir Franek
Keyword(s):  
Emissions Trading ◽  
Energy Sector ◽  
Significant Problem ◽  
Eu Ets ◽  
Stable Carbon ◽  
Emissions Trading Scheme ◽  
Trading Scheme ◽  
The Impact ◽  
Over Time ◽  
The Eu

In this paper we have assessed the impact of the European Union’s Emissions Trading Scheme (EU ETS) on the level of the carbon premium. The aim of the study is to determine whether there is a stable carbon premium in energy-intensive sectors. Unlike other studies, our research sample included not only companies in the energy sector, but also entities classified as energy-intensive. In the research, we used our own criterion for allocating companies to a clean and dirty portfolio, which made it possible to make the estimation of the carbon premium more resistant to changes in the rules for allocation of emission allowances. We detected a positive, statistically significant carbon premium in the years 2003–2012 and a negative one in the years 2013–2015, but we did not detect a statistically significant carbon premium in the period 2016–2019. This means that there are no grounds for concluding that there is a stable, positive carbon premium for energy-intensive companies subject to the EU ETS over time. We have also noticed that a significant problem in studying the impact of the EU ETS on the carbon premium is the use of static portfolios of clean and dirty companies.

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