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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

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

Rok uplatnění

2010

Kód důvěrnosti údajů

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

Název periodika

Transition Studies Review

ISSN

1614-4007

e-ISSN

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Svazek periodika

17

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

IT - Italská republika

Počet stran výsledku

12

Strana od-do

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Kód UT WoS článku

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EID výsledku v databázi Scopus

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