Subject matter of the diploma thesis is a crisis on the market for secondary raw materials. The crisis was observed in the end of 2008 and in beginning of 2009. The diploma thesis is deal with current situation on the market for recycling and identifying its specifics. First, it is focused on the European Packaging Waste Directive institutional framework of the market for recycling. Consequently it is discussed how successful is implemented Directive in each European Union member country. The second chapter is about the market for recycling and about the recent crisis. In the third chapter we discover causes and consequences in connection with the collapse and we will confront with specialists through the interviews. In the last part of the diploma thesis is suggested original solution.

In this diploma thesis is being explored the possibility of using tradable permits in waste management as an efficient tool for motivating and guiding market participants. Waste in the world each year is increasing and burdensome for the economy in terms of the cost of disposal or storage, and for the environment in terms of expanding the number of landfills. The European Union has set mandatory guidelines through a specific quantitative value of natural resources in the field of waste management, which Member States are obliged to respect. These include a minimum percentage return and recycling of packaging materials, or the maximum amount of biodegradable waste that can be stored in landfills. The Directive also set the exact dates of compliance with those commitments. The goal of the diploma thesis is to critically analyze existing knowledge and experience in using tools of tradable permits. On the economic analysis follows the discussion options for wider application of this instrument in the regulation of waste management.

QC 20110523

Tradable permits are currently among the most frequently used market-based instruments of environmental protection. The aim of my work is this tool to explore and then implement the water management in the Czech Republic. I'm going to try to answer the fundamental question is whether a tool that can be in our legal environment to apply to the taking of surface water for industrial use? This method of solution is used, especially abroad, especially in the U.S. and Australia. I'm going to use the literature and resources in this particular part of the world. In my work I rely on both scientific literature and articles written on this subject and obtained from the primary sources of research systems in other countries. The analysis of the Czech environment, the focus on water authorities and companies to individual basins, which are according to our laws the central government in this matter.

This thesis consists of three essays within the field of applied environmental economics, with the common basic aim of analyzing effects of Swedish environmental policy. Starting out from Swedish environmental goals, the thesis assesses a range of policy-related questions. The objective is to quantify policy outcomes by constructing and applying numerical models especially designed for environmental policy analysis. Static and dynamic multi-sectoral computable general equilibrium models are developed in order to analyze the following issues. The costs and benefits of a domestic carbon dioxide (CO2) tax reform. Special attention is given to how these costs and benefits depend on the structure of the tax system and, furthermore, how they depend on policy-induced changes in "secondary" pollutants. The effects of allowing for emission permit trading through time when the domestic long-term domestic environmental goal is specified in CO2stock terms. The effects on long-term projected economic growth and welfare that are due to damages from emission flow and accumulation of "local" pollutants (nitrogen oxides and sulfur dioxide), as well as the outcome of environmental policy when costs and benefits are considered in an integrated environmental-economic framework. / Diss. Stockholm : Handelshögsk., 2001

When designing financial incentives for voluntary conservation of threatened habitats and ecosystems, we are faced with the problem that there is no single indicator for "biodiversity value". The value of a habitat depends on multiple factors such as habitat type, area, and spatial and temporal connectivity. Moreover, not only are there local trade-offs between these indicators, but land use changes at one location may also change the value of sites in the vicinity. This doctoral thesis analyzes the consequences of including trade-offs and interactions between sites in market-based conservation schemes. We ask the following questions: How can trade-offs between the survival of different species be quantified? How can spatial processes and temporal processes be included in market-based conservation, in particular the value of spatial and temporal connectivity? And how do underlying economic dynamics relate to the spatio-temporal allocation of conservation measures in market-based conservation schemes?

This thesis investigates the market rules of the European carbon market (EU ETS) during 2005-2007. We provide theoretical and empirical analyses of banking and borrowing provisions, price drivers and risk hedging strategies attached to tradable quotas, which were introduced to cover the CO2 emissions of around 10,600 installations in Europe.In Chapter 1, we outline the economic and environmental effects of banking and borrowing on tradable permits markets. More specifically, we examine the banking and borrowing provisions adopted in the EU ETS, and the effects of banning banking between Phases I and II on CO2 price changes. We show statistically that the low levels of CO2 prices recorded until the end of Phase I may be explained by the restriction on the inter-period tranfer of allowances, besides the main explanations that were identified by market observers.In Chapter 2, we identify the carbon price drivers since the launch of the EU ETS on January 1, 2005. We emphasize the central role played by the 2005 yearly compliance event imposed by the European Commission in revealing the net short/long position at the installation level in terms of allowances allocated with respect to verified emissions. The main result of this study features that price drivers of CO2 allowances linked to energy market prices and unanticipated weather events vary around institutional events. Moreover, we show the influence of the variation of industrial production in three sectors covered by the EU ETS on CO2 price changes by applying a disentangling analysis, that has also been extended at the country-level.In Chapter 3, we focus on the risk hedging strategies linked to holding CO2 allowances. By using a methodology applied on stock markets, we recover the changes in investors' average risk aversion. This study shows that, during the time period considered, risk aversion has been higher on the carbon market than on the stock market, and that the risk is linked to an increasing price structure after the 2006 compliance event. With reference to Chapter 1, we finally evaluate how banking may be used as a risk management tool in order to cope with political uncertainty on a tradable permits market. We detail an optimal risk-sharing rule, and discuss the possibility of pooling the risk linked to allowance trading between agents.Overall, this thesis highlights the inefficiencies following the creation of the European carbon market that prevented the emergence of a price signal leading to effective emissions reductions by industrials. However, in a changing institutional environment, these inefficiencies do not seem to have been transfered to the period 2008-2012.

This thesis consists of four essays within the field of environmental economics. Computable General Equilibrium models have been used to assess the economic consequences of greenhouse gas policies. The focus is mainly on the Swedish economy, but the EU economies and the global economies are also analyzed in one essay each. The costs and effects of a unilateral Swedish decision to reduce carbon dioxide emissions are analyzed in essay I. The results of a unilateral reduction are compared to the results of an implementation of an EU multilateral agreement. The results indicate that if Sweden unilaterally decides to increase its CO2 tax, total EU CO2 emissions will increase, i.e. there will be a “carbon leakage effect”. Furthermore, an EU multilateral implementation of a CO2 tax will induce lower welfare (excluding environmental benefits) in Sweden, as compared to the situation where the same tax is unilaterally introduced.In the second essay we analyze the Swedish environmental goals conforming to the Kyoto Protocol, when simultaneously meeting national goals to alleviate acidification and eutrofication effects by reducing SO2 and NOx pollutants. We have found that when secondary benefits of measures aiming at reducing CO2 are taken into account, it may still be in the government’s interest to nationally decrease CO2, instead of engaging in seemingly low-cost trading. The principles for allocation emission permits are many, and in the third essay I focus on principles based on economic welfare theory. My main conclusion from these simulation exercises is that the distribution rule based on the different assumptions on social welfare function and some other more ad hoc distribution rules offers quite large changes in welfare, distributions of emission rights and contrary to earlier literature, I find that the initial distribution not only gives second-order effects but affects equilibrium prices and therefore, income.In the fourth essay I focus on how households’ demand for transport services can be improved in CGE-models. A differentiation between trip purposes and trip length, a complementary relationship between work journeys and labor supply, and a subdivision of households by density of population and income, influences the numerical results in a direction increasing the negative welfare effect of a carbon target, as compared to the non-extended model. / Diss. Stockholm : Handelshögskolan, 2004