Carbon management: evidence from case studies of German firms under the EU ETS


Heindl, Peter ; Lutz, Benjamin


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URL: https://ub-madoc.bib.uni-mannheim.de/32756
URN: urn:nbn:de:bsz:180-madoc-327560
Document Type: Working paper
Year of publication: 2012
The title of a journal, publication series: ZEW Discussion Papers
Volume: 12-079
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: L60 , Q50 , M11,
Subject headings (SWD): Deutschland , EU-Staaten , Luftverunreinigung , Kohlendioxid , Management , Unternehmenspolitik , Emissionshandel , EU-Europäisch
Keywords (English): Carbon management , emissions trading , EU ETS
Abstract: This paper examines the management practices of German firms with obligations under the EU Emissions Trading Scheme (EU ETS) based on six structured in-depth interviews with managers of firms from different industries and based on survey data. The paper sheds light on management and trading practices, abatement behaviour, and the impact of the EU ETS on long-term decisions, such as investment decisions or innovative capacity. The aim is to provide information on firm-internal management processes related to the EU ETS and to strengthen intuition for microeconomic consequences of greenhouse gas regulation in a cap-and-trade scheme. The analysis reveals that management practices in the EU ETS are mainly driven by emission levels, firm size, pre-existing management structures and production patterns. While larger emitters (about 100,000 tCO2 per year or larger) are perfectly capable to carry out all relevant tasks, smaller emitters behave more passively due to transaction costs and lower expected return of transactions. Our analysis suggests that institutional responds to regulation should be taken into account for the design of greenhouse gas regulation.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Heindl, Peter ; Lutz, Benjamin (2012) Carbon management: evidence from case studies of German firms under the EU ETS. Open Access ZEW Discussion Papers Mannheim 12-079 [Working paper]
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