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KfW/ZEW CO2 Barometer 2013 – Carbon Edition. The EU Emissions Trading Scheme: Firm Behaviour During the Crisis

Author

Listed:
  • Löschel, Andreas
  • Gallier, Carlo
  • Lutz, Benjamin
  • Brockmann, Karl Ludwig
  • Dieckhöner, Caroline

Abstract

The KfW/ZEW CO2 Barometer – developed as part of a cooperative project of KfW Bankengruppe and the Centre for European Economic Research (ZEW) – has been analyzing the situation of German companies regulated under the European Union Emissions Trading System (EU ETS) on an annual basis since 2009. The study’s objective is to closely monitor firm behavior in carbon markets in order to regularly provide detailed information to policy-makers, businesses and the research community. For that purpose, all German firms regulated under the EU ETS, are invited to participate in the survey every year. On average, approximately 140 companies of 800 have responded to the questionnaire per year. The results are reported in an annual publication, the KfW/ZEW-CO2-Barometer – Carbon Edition. Main Results of the Survey: The Low CO2-Emission Price in the European Emissions Trading System (EU ETS) Barely Leads to CO2 Avoidance. Trading Volumes of Regulated Companies Are Increasing. Firms Expect Only a Decent Recovery of the CO2-Emission Price for the Next Year. Emissions in Germany Are Increasing Whereas Europe in Total Experiences Downswing.

Suggested Citation

  • Löschel, Andreas & Gallier, Carlo & Lutz, Benjamin & Brockmann, Karl Ludwig & Dieckhöner, Caroline, 2013. "KfW/ZEW CO2 Barometer 2013 – Carbon Edition. The EU Emissions Trading Scheme: Firm Behaviour During the Crisis," KfW/ZEW-CO2-Barometer, ZEW - Leibniz Centre for European Economic Research, number 109797.
    • Handle: RePEc:zbw:zewco2:109797
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    References listed on IDEAS

    as
    1. Heindl, Peter & Lutz, Benjamin, 2012. "Carbon management: Evidence from case studies of German firms under the EU ETS," ZEW Discussion Papers 12-079, ZEW - Leibniz Centre for European Economic Research.
    2. Lutz, Benjamin Johannes & Pigorsch, Uta & Rotfuß, Waldemar, 2013. "Nonlinearity in cap-and-trade systems: The EUA price and its fundamentals," Energy Economics, Elsevier, vol. 40(C), pages 222-232.
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