Abstract
The European CO2 emission trading scheme results in a new input factor for CO2 emission-intensive companies. Therefore, one of the objectives of this chapter is to characterise this new input factor. Emission trading and possible mechanisms of allocating allowances to existing and new installations are also discussed. Different effects of emission trading in general and of the European CO2 emission trading scheme in particular are explained. Finally, the author shows how energy models can be used to develop consistent strategies for power companies within the framework of an emission trading scheme.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Bartels, M. & Müsgens, F. 2006. Do technology specific CO2-allocations distort investments? In International Association for Energy Economics (Ed.), Proceedings of the 29th IAEE International Conference. Potsdam.
Beuermann, G. 1996. Produktionsfaktoren. In W. Kern (Ed.), Handwörterbuch der Produktionswirtschaft (2nd ed.): 1494–1505. Stuttgart: Poeschel Verlag.
Bode, S., Hübl, L., Schaffner, J. & Twelemann, S. 2005. Ökologische und wettbewerbliche Wirkungen der Übertragungs- und der Kompensationsregel des Zuteilungsgesetzes 2007 auf die Stromerzeugung. Hamburg: HWWA-Report 252.
Boemare, C. & Quirion, P. 2002. Implementing greenhouse gas trading in Europe: Lessons from economic literature and international experiences. Ecological Economics, 43: 213–230.
Bohr, K. 1979. Produktionsfaktorsysteme. In W. Kern (Ed.), Handwörterbuch der Produktionswirtschaft: 1481–1493. Stuttgart: Poeschel Verlag.
Böhringer, C., Hoffmann, T. & de Lara Penate, C. 2006. The efficiency costs of separating carbon markets under the EU emissions trading scheme: a quantitative assessment for Germany. Unpublished Discussion Paper No. 05–06, ZEW, Mannheim.
Busse von Colbe, W. & Lassmann, G. 1975. Betriebswirtschaftstheorie Band 1: Grundlagen, Produktions- und Kostentheorie. Berlin: Springer-Verlag.
Corsten, H. 1994. Produktionswirtschaft (4th ed.). München: Oldenbourg Verlag.
Cramton, P. & Kerr, S. 2002. Tradable carbon permit auctions, how and why to auction not grandfather. Energy Policy, 30: 333–345.
Dinkelbach, W. & Rosenberg, O. 2002. Erfolgs- und umweltorientierte Produktionstheorie. Berlin: Springer.
Fichtner, W., Witt, M. & Baumert, S. G. 2007. Zur Analyse der Auswirkungen unterschiedlicher Zuteilungsverfahren von CO2-Emissionsrechten. VDI-Berichte, 2018: 187–198.
Gugele, B., Ritter, M. & Mareckova, K. 2002. Greenhouse gas emission trends in Europe 1990–2000. Unpublished Report 7/2002, European Environment Agency, Kopenhagen.
Gutenberg, E. 1966. Grundlagen der Betriebswirtschaftslehre, Bd. I: Die Produktion (12th ed.). Berlin: Springer-Verlag.
Haak, W. 1982. Produktion in Banken: Möglichkeiten eines Transfers industriebetrieblich-produktionswirtschaftlicher Erkenntnisse auf den Produktionsbereich von Bankbetrieben. Frankfurt am Main: Peter Lang Verlag.
Heinen, E. 1970. Betriebswirtschaftliche Kostenlehre (3rd ed.). Wiesbaden: Gabler.
Kehoane, N., Revesz, R. & Stavins, R. 1998. The positive political economy of instrument choice in environmental policy. In P. Portney & R. Schwab (Eds.), Environmental Economics and Public Policy. London: Edward Elgar.
Kern, W. & Fallaschinski, K. 1979. Betriebswirtschaftliche Produktionsfaktoren (II). WISU (Das Wirtschaftstudium), 8: 15–18.
Kilger, W. 1975. Produktionsfaktor. In E. Grochla & W. Wittmann (Eds.), Handwörterbuch der Betriebswirtschaft (4th ed.): 3097–3101. Stuttgart: Poeschel Verlag.
Matthes, F., Graichen, V. & Repenning, J. 2005. The environmental effectiveness and economic efficiency of the European Union emissions trading scheme: structural aspects of allocation. A Report to WWF. Freiburg: Öko-Institut e.V.
Neuhoff, K., Grubb, M. & Keats, K. 2005. Impact of the allowance allocation on prices and efficiency. Unpublished Working Paper CWPE 0552, Cambridge.
Oberndorfer, U., Rennings, K. & Sahin, B. 2006. The impacts of the European emissions trading scheme on competitiveness and employment in Europe – a literature review. Mannheim: Centre for European Economic Research.
Pfaffenberger, W. & Hille, M. 2004. Investitionen im liberalisierten Energiemarkt: Optionen, Marktmechanismen, Rahmenbedingungen. Frankfurt: VWEW Energieverlag.
Schwarz, H. 2006. The European emission trading system and the present draft of the German national allocation law: A critical evaluation of the effects on electricity production and investment patterns. IWE Working Paper Nr. 05 2006.
Wissenschaftlicher Beirat beim Bundesministerium für Wirtschaft und Arbeit. 2004. Zur Förderung erneuerbarer Energien. Köln.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2008 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Fichtner, W. (2008). Emission Allowances – a New Production Factor in the Power Sector. In: Bausch, A., Schwenker, B. (eds) Handbook Utility Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-79349-6_20
Download citation
DOI: https://doi.org/10.1007/978-3-540-79349-6_20
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-79348-9
Online ISBN: 978-3-540-79349-6
eBook Packages: Business and EconomicsBusiness and Management (R0)