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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