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Firms, the Framework Convention on Climate Change and the EU Emissions Trading System

Author

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  • Marcus Wagner

    (CSM, Univ. Lueneburg)

Abstract

This paper analyses which likely effects international co-operation on climate change, the emissions trading directive of the European Union currently introduced and the tradable emissions permit systems specified under the UN Framework Convention on Climate Change (FCCC) will have on energy management strategies of European firms. Based on this analysis, the paper concludes about the joint effect of these and describes and discusses different possible reactions of firms in terms of their energy management strategies. The paper closes with general remarks on international climate policy co-operation and assesses if the instruments implemented so far are sufficient for an optimal climate policy.

Suggested Citation

  • Marcus Wagner, 2004. "Firms, the Framework Convention on Climate Change and the EU Emissions Trading System," Others 0407001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpot:0407001
    Note: Type of Document - pdf; pages: 21
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0407/0407001.pdf
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    References listed on IDEAS

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    Cited by:

    1. Li, Y.P. & Huang, G.H. & Li, M.W., 2014. "An integrated optimization modeling approach for planning emission trading and clean-energy development under uncertainty," Renewable Energy, Elsevier, vol. 62(C), pages 31-46.
    2. Kim, Hyun Seok & Koo, Won W., 2010. "Factors affecting the carbon allowance market in the US," Energy Policy, Elsevier, vol. 38(4), pages 1879-1884, April.

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    More about this item

    Keywords

    FCCC; emissions; trading; energy; management; industry; Europe; firms;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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