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Impact of CO2 emissions reductions on firms? finance in an emerging economy : the case of Czech Republic

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F10%3A10049868" target="_blank" >RIV/00216208:11230/10:10049868 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Impact of CO2 emissions reductions on firms? finance in an emerging economy : the case of Czech Republic

  • Original language description

    This paper investigates the relationship between economic and environmental performance with focus on firms in an emerging economy, the Czech Republic, and their CO2 emission reductions. We discuss whether the hypotheses tested for local pollutants thatfirms emit and firms? finances are relevant for CO2 emissions. We test the hypotheses on a sample of Czech firms included in the first phase of European Union Emissions Trading Scheme (EU ETS). We observe that introduction of EU ETS did not encourage significant investments in CO2 emissions reduction. Importantly, the results show that the firms that did invest in CO2 reductions experienced a negative impact on their finance. We argue that this is explained by the drop in the price of allowances on thecarbon market in 2006 which resulted in firms receiving less revenue from saved allowances than they had expected.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    Z - Vyzkumny zamer (s odkazem do CEZ)<br>S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2010

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Transition Studies Review

  • ISSN

    1614-4007

  • e-ISSN

  • Volume of the periodical

    17

  • Issue of the periodical within the volume

    4

  • Country of publishing house

    IT - ITALY

  • Number of pages

    12

  • Pages from-to

  • UT code for WoS article

  • EID of the result in the Scopus database