Carbon leakage occurs when globally exposed industries face increased costs, for instance due to stricter climatic policies, while other industries on the global market are not. Although the intention of stricter climate requirements is good, they risk having the opposite effect, as emissions are moved from one country to another. Since the consequences of emissions are the same regardless of where they are caused, the total amount of emissions will remain unchanged, or increase due to transportation or less ambitious climate policies in the new country. In the European Union Emission Trading System (EU ETS), carbon leakage is a present issue, thus there are methods to identify and compensate industries at risk. The main approach of compensation has been to allocate allowances for free. However, the first two trading periods have resulted in a large surplus of allowances, which have caused low prices on carbon emissions. Since the system is now becoming more ambitious, an accurate analysis on carbon leakage is essential. Therefore, the aim of this study is to analyze in what ways these methods can be improved to enable the system to become more ambitious, without risking leakage. The result shows that the procedures used are not specific enough. Numerous reports and studies presented in my study, show that some industries are over compensated, whereas others are under compensated. Today, carbon intensity is one of the main measurements used to identify industries at risk. However, the EU must pay closer attention to the industries that have invested in renewable energy sources (as a result of the EU ETS incentive structure) and consequently have significantly lower carbon dioxide content in their emissions. These industries are also at risk of leakage due to increased total expense. In conclusion, this study shows that the methods used to identify industries at risk can be improved to prevent leakage. When altering them, not only will the analysis be more accurate, but it will also render a more precise allocation of allowances for free for those at true risk.

Policymakers' action of mitigating and slowing down the continued increase of carbon emission is a significant global priority. One way to internalise the negative externality of pollution is to put a price on greenhouse gases and use the market-based approach of emission trading systems. On the other hand, according to economic reasoning, pollution is an essential tool for economic development. This paper aims to investigate the economic effects of introducing the first international emission trading system of greenhouse gases, the EU emission trading system, by observing the economic growth and gross fixed capital formation. Mankiw, Romer, and Wiel's (1992) theory is utilised in this study and based on cross-country and cross-state panel data between 1999-2012, an empirical analysis using the fixed effects model was followed. The finding shows that the EU emission trading system has a negative effect on the growth of real gross domestic product per capita compared to states and countries not participating in an emission trading system. In addition, the first phase results having a positive effect and the second phase has a negative effect on the economic growth compared to states and countries not participating in an emission trading system. There is no statistical evidence of the effect on gross fixed capital formation as a percentage share of GDP. Organisations can use the findings to decide whether developing countries can afford the consequence of an implemented emission trading system since it tends to slow down growth. However, further research needs to consider the effect of the financial crisis of 2008 and the interpretation of the EU emission trading scheme.

Im Jahr 2005 wurde als Reaktion auf die Unterzeichnung des Kyoto-Protokolls und der damit verbundenen Verpflichtung zur Reduktion von Treibhausgasemissionen der europäische Emissionshandel eingeführt. Versuche der Standardsetter für IFRS und US GAAP zu einer einheitlichen Bilanzierungsregel für Emissionsrechte scheiterten. Seitdem stehen den beteiligten Unternehmen speziell bei Ansatz und Bewertung von Emissionsrechten sowie der Verbindlichkeit für verursachte Emissionen Wahlrechte zur Verfügung. Da unterschiedliche Bilanzierungsansätze zu verschiedenen Resultaten beispielsweise in der Gewinn- und Verlustrechnung führen können, schränkt die Regelungslücke die Vergleichbarkeit zwischen Unternehmen mit unterschiedlichen Bilanzierungsansätzen ein. Dabei wird zudem deutlich, wie wichtig die Offenlegung des gewählten Bilanzierungsansatzes ist. Diese Arbeit beschreibt mit Hilfe einer ausführlichen Literaturrecherche den Diskurs in der Forschung und fasst die theoretisch möglichen Ansätze zusammen. Dem schließt sich eine Analyse aller im STOXX Europe 600 gelisteten Unternehmen an. Untersucht wird, inwieweit die Unternehmen am Emissionshandel beteiligt sind, welchen Ansatz zur Bilanzierung von Emissionsrechten sie wählen und in welcher Vollständigkeit sie den gewählten Ansatz im Geschäftsbericht offenlegen. Insgesamt 70 Unternehmen im STOXX Europe 600 geben eine Beteiligung am europäischen Emissionshandel an, 68 davon erhalten Emissionsrechte kostenfrei von einer staatlichen Stelle zugeteilt. Davon wiederum können 31 Unternehmen sicher einem Bilanzierungsansatz zugeordnet werden; bei den übrigen Unternehmen werden nicht alle relevanten Bilanzierungsentscheidungen offengelegt. Die große Mehrheit dieser 31 Unternehmen wendet den Netto-Ansatz an, bei welchem die zugeteilten Emissionsrechte zu Anschaffungskosten (üblicherweise Null) angesetzt werden. Nur zwei Unternehmen bilanzieren Emissionsrechte nach der 2005 zurückgenommenen, aber weiterhin gültigen Interpretation IFRIC 3. Insgesamt gibt es bezüglich der Bilanzierung von Emissionsrechten in europäischen Unternehmen in Theorie und Praxis Unterschiede, welche die Vergleichbarkeit einschränken. Dies wird durch die häufig unvollständige Offenlegung der Bilanzierungsentscheidung verstärkt. Diese Kritikpunkte sollten aus Sicht der Standardsetter IASB und FASB ausreichend Anlass geben, eine einheitliche Regelung zur Bilanzierung von Emissionsrechten zu entwickeln.

This thesis deals with the EU energy policy and its impact on the energy sector of the Czech Republic. The main objective is to analyze the implemantation and impact of the EU climate-energy package on the czech energy sector. The first part is devoted to describing the current state of the energy sector in the country.The second part is the theory of externalities due to the fact that carbon dioxid emissions are externalities, which the EU is trying tu reduce through its climate-energy measures. The third part delas with EU energy policy and the fourth one with its applications and implications in the Czech Republic.

The way people view development is changing. The world now advocates for a development that also considers future generations. There is a paradigm shift towards sustainable development - a development in today's lifestyle without destroying the resources for tomorrow generations. Sustainable development is a broad concept that addresses how human activities impact on the economic, environmental and social well-being of an ecosystem; however, practical application of the sustainability concept is complex because its objective assessment is elusive. It is often said that the effect of technology on society has never been more profound than today. As mankind develops in science and technology to improve on his well-being, certain impacts are made on the systems that support human existence. Liquefied natural gas (LNG) technology, like gas-to-liquid (GTL) technology, is a latest innovation conceived to 'fight' the problem of gas flaring, and help contribute to the social and economic growth of the people; but it is necessary for man to know if these contemporary technologies are sustainable. This dissertation critically appraises the impact of the LNG project on the community of Bonny Island in Nigeria from a holistic perspective. The approach to the research work is three-fold: an appropriate sustainability framework is selected based on certain criteria; sustainability indicators are developed from the chosen framework; and the sustainability indicators are used to assess the impact of the project on the flora and fauna of the community. To have a clear picture of the impact of Nigeria LNG on its host community, Epe-Waterside is chosen as a control community because of its similar socio-geographical outlook to Bonny Island community. The control community is then subjected to the same set of sustainability indicators for a comparative analysis. The outcome of the research work shows that, though the economic and social conditions of Bonny Island seem much better, its environmental status remains a challenge. In other words, it can be concluded that the present approach to the operation of the LNG technology is not sustainable. / Thesis (M.Ing. (Development and Management))--North-West University, Potchefstroom Campus, 2009.

The way people view development is changing. The world now advocates for a development that also considers future generations. There is a paradigm shift towards sustainable development - a development in today's lifestyle without destroying the resources for tomorrow generations. Sustainable development is a broad concept that addresses how human activities impact on the economic, environmental and social well-being of an ecosystem; however, practical application of the sustainability concept is complex because its objective assessment is elusive. It is often said that the effect of technology on society has never been more profound than today. As mankind develops in science and technology to improve on his well-being, certain impacts are made on the systems that support human existence. Liquefied natural gas (LNG) technology, like gas-to-liquid (GTL) technology, is a latest innovation conceived to 'fight' the problem of gas flaring, and help contribute to the social and economic growth of the people; but it is necessary for man to know if these contemporary technologies are sustainable. This dissertation critically appraises the impact of the LNG project on the community of Bonny Island in Nigeria from a holistic perspective. The approach to the research work is three-fold: an appropriate sustainability framework is selected based on certain criteria; sustainability indicators are developed from the chosen framework; and the sustainability indicators are used to assess the impact of the project on the flora and fauna of the community. To have a clear picture of the impact of Nigeria LNG on its host community, Epe-Waterside is chosen as a control community because of its similar socio-geographical outlook to Bonny Island community. The control community is then subjected to the same set of sustainability indicators for a comparative analysis. The outcome of the research work shows that, though the economic and social conditions of Bonny Island seem much better, its environmental status remains a challenge. In other words, it can be concluded that the present approach to the operation of the LNG technology is not sustainable. / Thesis (M.Ing. (Development and Management))--North-West University, Potchefstroom Campus, 2009.

Bibliografický záznam TAUCHMANOVÁ, Barbora. Evropský systém obchodování s emisními povolenkami (EU ETS), jeho fungování a úspěšnost. Praha, 2017. 81 s. Diplomová práce (Mgr.) Univerzita Karlova, Fakulta sociálních věd, Institut mezinárodních studií. Katedra evropských studií. Vedoucí diplomové práce doc. Mgr. Tomáš Weiss, M.A., Ph.D. Abstract This thesis European Union Emission Trading System (EU ETS), its functioning and success analyzes EU's emission trading scheme that has been created in 2005. This system has gone through a considerable development but his most visible and very important parameter - price of one emission allowance - still points out the problems of the whole system through its value (or the lack of it). In this work, the ETS is understood as an institution and is looked at through the optics of combination of rational and historical institutionalism. The aim of the thesis was to answer two questions - why can be the emission trading system considered dysfunctional despite a series of reforms and, consequently, why this system stays preserved in its current form and settings. As the work explains, considerable role in the long-term price failure had been played by economic crisis. But its influence can be tied only to a certain time period, so the continuing problems have to be ascribed...

Internprissättning av koldioxid (ICP) är ett verktyg som företag frivilligt kan tillämpa för att sätta ett ekonomiskt värde på sina utsläpp. Det kan i sin tur underlätta företags styrning mot lägre koldioxidutsläpp. Flera organisationer rekommenderar företag att arbeta med ICP, däribland Finansinspektionen och EU-kommissionen. Det finns inget facit på hur företag bör arbeta med ICP och det finns lite forskning inom området, i synnerhet svensk forskning. Enligt den forskning som finns är det tre ICP-metoder som är vanligast förekommande; Intern koldioxidavgift, skuggprissättning och intern handel med utsläppsrätter. Utifrån detta är syftet med denna studie att öka förståelsen för arbetet med ICP och undersöka om ICP kan effektivisera företags hållbarhetsarbete. Studien har genomförts med hjälp av forskningsintervjuer, där respondenter från tre företag intervjuats. Intervjuerna har strävat efter att svara på frågorna var, när, hur och varför företag tillämpar ICP. Utgångsläget för studien har varit en kvalitativ forskningsmetod med teoretisk bas som ansats. Vidare har en tematisk analys genomförts utifrån den teoretiska basen som består av en redogörelse för ekonomistyrningslitteratur, kontextuella teorier, tidigare forskning om ICP samt en praktisk ICP-guide. Studien har påvisat att ICP används vid beslutsfattande och att det kan användas både på operativ och strategisk nivå. Vidare kan studien konstatera att skuggprissättning är den vanligaste metoden i de studerade företagen. Motivet till ICP-arbetet varierar men ett generellt motiv som studien identifierat är att ICP används för att styra beslut i rätt strategisk riktning. Även riskhantering är ett motiv som är ständigt återkommande i studiens empiri och ICP används då för att förbereda verksamheten mot framtida eventuella koldioxidregler. Slutligen konstaterar studien att ICP i viss utsträckning kan effektivisera företags hållbarhetsarbete. / Internal Carbon Pricing (ICP) is a self-regulation tool that companies voluntarily can apply to add an economic value on their GHG emissions. ICP can facilitate controlling and steering towards lower GHG emissions. Several organizations recommend companies to work with ICP, including the Swedish Financial Supervisory Authority and the European Commission. There is not one solution on how companies should work with ICP and there is little research in the area, especially Swedish research. According to the available research, however, three ICP methods are the most common; Internal carbon fee, shadow pricing and internal emissions trading. Based on this, this study aims to increase the understanding of the work with ICP and whether ICP can improve companies' sustainability work. The study was conducted with the help of research interviews, where respondents from three companies were interviewed. The interviews have sought to answer the questions of where, when, how and why companies apply ICP. The starting point for the study has been a qualitative research method with a theoretical base. A thematic analysis has been carried out on the basis of literature review, on the basis of previous research on ICP and on the basis of previous examples on how companies work with ICP. The study has concluded that ICP is used in decision-making and that it can be used in decisions made at both operational and strategic levels. Furthermore, the study can state that shadow pricing is the most common method in the cases studied. The motive behind the ICP work varies, but a general motive that the study has identified is that ICP is used to steer decisions in the right strategic direction. Risk management is also a motive that is constantly recurring in the study's empirical data, where ICP is used to prepare the business for future possible carbon regulations. Finally, the study states that ICP to a certain extent can improve companies' sustainability work.

Agriculture causes large parts of global Greenhouse gas emissions (GHGE), with livestock contributing the greatest share. Livestock-based foods are thus associated to higher GHGE than plant-based foods. Additionally, they are harmful to health when consumed in excess. The focus of this work lies on determining the potential to reduce agricultural GHGE when healthy diets and lower meat intakes were adopted in the EU. lt is also examined how much feed crops and pastures would become available for the production of biofuels. An emission tax and an emission trading system are also examined. To assess the complex interactions in the agricultural sector, a modified version of the European Forest and Agricultural Sector Optimization Model (EUFASOM) is used. The results show that a halved meat intake could reduce agricultural GHGE by a quarter and biofuel production could increase eightfold. The political instruments lack effectiveness though. The GHG tax has a low impact on nutrition and roughly 50% emission leakage. Emission trading has only a moderate effect on nutrition and over 100% emission leakage.:1 Introduction 2 Goal and scope definition 3 Methodology 3.1 Overview 3.2 Spatial resolution 3.3 Products under consideration 3.4 Base data 3.4.1 Base quantities 3.4.2 Base prices 3.4.3 Base areas 3.4.4 Demand elasticities 3.5 Production processes 3.5.1 Crop production 3.5.2 Pasture production 3.5.3 Plant oil production 3.5.4 Biofuel production 3.5.5 Sugar production 3.5.6 Livestock production 3.6 EUFASOM – Theoretical foundation 3.7 EUFASOM – Demand and supply functions 3.8 EUFASOM – Model description 3.8.1 Objective function 3.8.2 Identity and convexity constraints 3.8.3 Product balance 3.8.4 Land use restrictions 3.8.5 Nitrogen balance 3.8.6 Further accounting equations 3.9 Calibration 3.10 Integration of scenarios 4 Scenarios and results 4.1 Scenario 1: Technical potential of healthy diets 4.1.1 What are healthy diets? 4.1.2 Implementation of healthy diets 4.1.3 Scenario 1.1: Healthy diets with constant calorie intake 4.1.4 Scenario 1.2: Healthy diets with restricted calorie intake 4.1.5 Scenario 1.3: Healthy diets with restricted ruminant meat intake 4.1.6 Discussion on the potentials of healthy diets 4.2 Scenario 2: Greenhouse gas emission taxes 4.3 Scenario 3: Redistribution of emissions taxes as biofuel subsidy 4.4 Scenario 4: Emissions trading scheme for agriculture 4.4.1 Scenario 4.1: GHGE-cap on agricultural production 4.4.2 Scenario 4.2: Combined GHGE-cap on agricultural production and net-imports 4.4.3 Scenario 4.3: GHGE-cap on agricultural production and generation of allowances through producing biofuels 4.4.4 Scenario 4.4: GHGE-cap on agricultural production and imports and generation of allowances through producing biofuels 4.4.5 Discussion on ETS 5 Summary and conclusion References List of Figures List of Tables List of Abbreviations Annex 1 Base Solution Annex 2 Process parameters and associated information Annex 3 Lists of model variables, process parameters, equations and sets Annex 4 Demand elasticities Annex 5 Derivation of specific energy and protein demand of livestock Annex 6 Further assumptions for the livestock sectors

Im Jahr 2005 wurde als Reaktion auf die Unterzeichnung des Kyoto-Protokolls und der damit verbundenen Verpflichtung zur Reduktion von Treibhausgasemissionen der europäische Emissionshandel eingeführt. Versuche der Standardsetter für IFRS und US GAAP zu einer einheitlichen Bilanzierungsregel für Emissionsrechte scheiterten. Seitdem stehen den beteiligten Unternehmen speziell bei Ansatz und Bewertung von Emissionsrechten sowie der Verbindlichkeit für verursachte Emissionen Wahlrechte zur Verfügung. Da unterschiedliche Bilanzierungsansätze zu verschiedenen Resultaten beispielsweise in der Gewinn- und Verlustrechnung führen können, schränkt die Regelungslücke die Vergleichbarkeit zwischen Unternehmen mit unterschiedlichen Bilanzierungsansätzen ein. Dabei wird zudem deutlich, wie wichtig die Offenlegung des gewählten Bilanzierungsansatzes ist. Diese Arbeit beschreibt mit Hilfe einer ausführlichen Literaturrecherche den Diskurs in der Forschung und fasst die theoretisch möglichen Ansätze zusammen. Dem schließt sich eine Analyse aller im STOXX Europe 600 gelisteten Unternehmen an. Untersucht wird, inwieweit die Unternehmen am Emissionshandel beteiligt sind, welchen Ansatz zur Bilanzierung von Emissionsrechten sie wählen und in welcher Vollständigkeit sie den gewählten Ansatz im Geschäftsbericht offenlegen. Insgesamt 70 Unternehmen im STOXX Europe 600 geben eine Beteiligung am europäischen Emissionshandel an, 68 davon erhalten Emissionsrechte kostenfrei von einer staatlichen Stelle zugeteilt. Davon wiederum können 31 Unternehmen sicher einem Bilanzierungsansatz zugeordnet werden; bei den übrigen Unternehmen werden nicht alle relevanten Bilanzierungsentscheidungen offengelegt. Die große Mehrheit dieser 31 Unternehmen wendet den Netto-Ansatz an, bei welchem die zugeteilten Emissionsrechte zu Anschaffungskosten (üblicherweise Null) angesetzt werden. Nur zwei Unternehmen bilanzieren Emissionsrechte nach der 2005 zurückgenommenen, aber weiterhin gültigen Interpretation IFRIC 3. Insgesamt gibt es bezüglich der Bilanzierung von Emissionsrechten in europäischen Unternehmen in Theorie und Praxis Unterschiede, welche die Vergleichbarkeit einschränken. Dies wird durch die häufig unvollständige Offenlegung der Bilanzierungsentscheidung verstärkt. Diese Kritikpunkte sollten aus Sicht der Standardsetter IASB und FASB ausreichend Anlass geben, eine einheitliche Regelung zur Bilanzierung von Emissionsrechten zu entwickeln.