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Strategic Aspects of CO2-Emissions-Trading : Theoretical Concepts and Empirical Findings

Title data

Ehrhart, Karl-Martin ; Hoppe, Christian ; Schleich, Joachim ; Seifert, Stefan:
Strategic Aspects of CO2-Emissions-Trading : Theoretical Concepts and Empirical Findings.
In: Energy & Environment. Vol. 14 (2003) Issue 5 . - p. 579.
ISSN 0958-305X
DOI: https://doi.org/10.1260/095830503322663366

Abstract in another language

This paper investigates the strategic challenges for companies arising from the EU-wide greenhouse gas emission trading system (EU-ETS). Tools are suggested to help companies develop synchronised abatement and trading strategies in their dynamic decision making and facilitate overall cost-minimising behaviour. Furthermore, an EU-ETS simulation game is presented, which has recently been carried out in Germany, and which combines the advantages of a field experiment and a controlled laboratory experiment. The results of the game suggest that the proposed trading system will not automatically result in the expected cost savings. Different factors can be identified as the causes, such as specific design parameters of the EU-ETS, participants’ lack of experience with a new instrument, their lack of trust in the market mechanism and risk aversion. The simulation results stress the need for companies to acquaint themselves with the rules and the range of possible strategies.

Further data

Item Type: Article in a journal
Refereed: Yes
Institutions of the University: Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XI > Chair Business Administration XI - Univ.-Prof. Dr. Stefan Seifert
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XI
Result of work at the UBT: No
DDC Subjects: 300 Social sciences
300 Social sciences > 330 Economics
Date Deposited: 01 Jul 2015 08:16
Last Modified: 01 Jul 2015 08:16
URI: https://eref.uni-bayreuth.de/id/eprint/15605