Skip to main content

The implementation of emissions trading in companies

  • Chapter

Abstract

This paper investigates what activities large companies have undertaken to utilize emissions trading and/or offset projects as part of a strategy for climate change. The main objective is to explore how the political conditions in home countries have affected corporate activity towards emissions trading. Based on an analysis of data of 218 companies derived from a questionnaire, this is examined by assessing to what extent emissions trading is becoming embedded in large companies. Looking at the pattern of actions of a cross-section of companies from different countries and industries, an evaluation is made of the path that companies take to move towards the implementation of emissions trading. Findings show that many companies have the intention to participate in the emission market, but are postponing implementation until government policy becomes more concrete.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   89.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Bodansky D (2001) The history of the global climate change regime. In: Luterbacher U, Sprinz DF (eds) International relations and global climate change. The MIT Press, Cambridge, MA, pp 23-40

    Google Scholar 

  • Boemare C, Quirion P (2002) Implementing greenhouse gas trading in Europe: lessons from economic literature and international experiences. Ecological Economics 43: 213-230.

    Article  Google Scholar 

  • Buchner B (2005) The dynamics of the climate negotiations: A focus on the developments and outcomes from The Hague to Delhi. In: Bothe M, Rehbinder E (eds) Climate change policy. Eleven International Publishing, Utrecht, pp 19-43

    Google Scholar 

  • Busby J, Ochs A (2004) From mars and venus down to earth: understanding the transatlantic climate divide. In: Michel D (ed) Climate policy for the 21st Century: meeting the long-term challenge of global warming. Center for Transatlantic Relations, Washington, pp 35-76

    Google Scholar 

  • Butzengeiger S, Michaelowa A (2004) The EU emissions trading scheme - issues and challenges. Intereconomics 39: 116-118

    Article  Google Scholar 

  • CDP (2004) Responses to Carbon Disclosure Project 2. Available at http://www.cdproject. net

    Google Scholar 

  • Grubb M, Vrolijk C, Brack D (1999) The Kyoto Protocol - A guide and assessment. RIIA/Earthscan, London

    Google Scholar 

  • Hamilton K, Brewer TL, Aiba T, Sugiyama T, Drexhage J (2003) The Kyoto-Marrakech system: a strategic assessment module 2: corporate engagement in US, Canada, the EU and Japan and the influence on domestic and international policy. RIIA, London

    Google Scholar 

  • Kolk A, Pinkse J (2004) Market strategies for climate change. European Management Journal 22: 304-314

    Article  Google Scholar 

  • Kolk A, Pinkse J (2005) Business responses to climate change: identifying emergent strategies. California Management Review 47: 6-20

    Google Scholar 

  • Kruger JA, Pizer WA (2004) Greenhouse gas trading in Europe - The new grand policy experiment. Environment 46: 8-23

    Google Scholar 

  • Markussen P, Svendsen GT (2005) Industry lobbying and the political economy of GHG trade in the European Union. Energy Policy 33: 245-255

    Article  Google Scholar 

  • Mintzberg H, Waters J (1985) Of strategies, deliberate and emergent. Strategic Management Journal 6: 257-272

    Article  Google Scholar 

  • Pinkse J (2007) Corporate intentions to participate in emission trading. Business Strategy and the Environment 16: 12-25

    Article  Google Scholar 

  • Porter ME, van der Linde C (1995) Toward a new conception of the environment-competitiveness relationship. Journal of Economic Perspectives 9: 97-118

    Google Scholar 

  • Rugman AM, Verbeke A (1998) Corporate strategies and environmental regulations: an organizing framework. Strategic Management Journal 19: 363-375

    Article  Google Scholar 

  • Sandén BA, Azar C (2005) Near-term technology policies for long-term climate targets - economy wide versus technology specific approaches. Energy Policy 33: 1557-1576

    Article  Google Scholar 

  • Schreurs MA (2003) Divergent paths - Environmental policy in Germany, the United States, and Japan. Environment 45: 8-17

    Google Scholar 

  • Sorrell S, Sijm J (2003) Carbon trading in the policy mix. Oxford Review of Economic Policy 19: 420-437

    Article  Google Scholar 

  • Springer U (2003) The market for tradable GHG permits under the Kyoto Protocol: a survey of model studies. Energy Economics 25: 527-551

    Article  Google Scholar 

  • Sprinz DF, Weiss M (2001) Domestic politics and global climate policy. In: Luterbacher U, Sprinz DF (eds) International relations and global climate change. The MIT Press, Cambridge, MA, pp 67-94

    Google Scholar 

  • Strauss A, Corbin J (1998) Basics of qualitative research - techniques and procedures for developing grounded theory (2nd ed). Sage publications, Thousand Oaks

    Google Scholar 

  • Winn MI, Angell LC (2000) Towards a process model of corporate greening. Organization Studies 21: 1119-1147

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Jonatan Pinkse .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2008 Springer Science+Business Media, LLC

About this chapter

Cite this chapter

Pinkse, J. (2008). The implementation of emissions trading in companies. In: Antes, R., Hansjürgens, B., Letmathe, P. (eds) Emissions Trading. Springer, New York, NY. https://doi.org/10.1007/978-0-387-73653-2_13

Download citation

Publish with us

Policies and ethics