On interaction between carbon spot prices and Czech steel industry

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F20%3A00518938" target="_blank" >RIV/67985556:_____/20:00518938 - isvavai.cz</a>
Alternative codes found
RIV/61989100:27510/20:10243989
Result on the web
<a href="https://www.tandfonline.com/doi/full/10.1080/17583004.2020.1712262" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/17583004.2020.1712262</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/17583004.2020.1712262" target="_blank" >10.1080/17583004.2020.1712262</a>

Result language
angličtina
Original language name
On interaction between carbon spot prices and Czech steel industry
Original language description
Environmental policy in the European Union is a frequent topic when speaking about a strategic development of national economies, their sectors, or companies. This paper is focused on transmissions between the European carbon market and the Czech steel industry. This relationship is worth exploring for two main reasons – first, iron and steel industry is responsible for a substantial part of CO2 pollution covered by the European Union emissions trading system (EU ETS) and, second, this sector is a traditional and vital industry in the Czech Republic. We use the dynamic Factor Augmented Vector Autoregression (FAVAR) model and Granger causality analysis to identify and assess the interactions between the factors of the EU ETS (prices of emission allowances and grandfathering), and factors of the steel industry like prices and amounts of production. To the best of our knowledge, this is the first application of the FAVAR model to analyse an industrial sector, and it is also the first analysis of the given topic where so many influencing factors are involved (this is allowed by the FAVAR model). The main results show that steel companies in the Czech Republic pass through the emission costs to customers.
Czech name
—
Czech description
—

Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50203 - Industrial relations

Project
<a href="/en/project/GA16-01298S" target="_blank" >GA16-01298S: Dynamic Decision-making of a Steel Producer under Emission Control</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)