Preparing for the ‘real’ market: national patterns of institutional learning and company behaviour in the European Emissions Trading Scheme (EU ETS)

Engels, Anita; Knoll, Lisa; Huth, M.

doi:10.1002/eet.485

Cited by 44 publications

(22 citation statements)

References 32 publications

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“…banks). This confirms preliminary results of early studies based on surveys that emphasized the limited participation to the market (Löschel et al, 2010;Löschel, 2011), as well as the initial lack of knowledge of the ETS and its functioning by many regulated companies and the prominent role of the financial sector in acting as "arbitrageur" 1 (Engels et al 2008;Pinske and Kolk, 2007).…”

Section: Introductionsupporting

confidence: 75%

EU Ets Facets in the Net: How Account Types Influence the Structure of the System

Borghesi

Flori

2016

SSRN Journal

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In this work, we investigate which countries have been more central during Phases I and II of the European Emission Trading Scheme (EU ETS) with respect to the different types of accounts operating in the system. We borrow a set of centrality measures from Network Theory's tools to describe how the structure of the system has evolved over time and to identify which countries have been in the core or in the periphery of the network. In doing this, we investigate by means of extensive partitions on the different types of accounts and transactions characterizing the EU ETS whether the role of intermediaries (approximated by Person Holding Accounts -PHAs) has affected the overall structure of the system. Preliminary findings over the period [2005][2006][2007][2008][2009][2010][2011][2012] suggest that PHAs have played a prominent role in the transaction of permits, heavily influencing the configuration of the system. This motivates further research on the impact of non-regulated entities in the EU ETS design.

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Section: Introductionsupporting

confidence: 75%

EU Ets Facets in the Net: How Account Types Influence the Structure of the System

Borghesi

Flori

2016

SSRN Journal

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“…Engels et al have made a related argument in context of the EU ETS. They have shown how companies, depending on which EU member state they are based in, tend to vary in the way they put the new requirement of having to participate in the EU ETS into practice (Engels 2009, Engels et al 2008). …”

Section: Resultsmentioning

confidence: 99%

The politics of carbon markets: an introduction

Stephan

Paterson

2012

Environmental Politics

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This overview of the existing political analysis of carbon markets identifies three broad strands in the literature. The first is concerned with the processes by which particular carbon market schemes are established. The second focuses on the role of particular actors in the creation of carbon markets. The third strand assesses carbon markets on efficiency, legitimacy or justice grounds. This existing literature is contrasted with the framework developed by the contributions to this volume. Broadly drawing on constructivist and poststructuralist approaches, the carbon economy is deconstructed, its history scrutinised and the practices and technologies that have been used to bring these markets into being are highlighted. Thus it is demonstrated that politics is not limited to the policy process leading up to the decision to implement an emissions trading scheme or offset mechanism, but is also present in the forms of knowledge claims that underpin these markets, as well as the various daily practices that constitute them.

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“…Prior empirical evidence suggests that corporate climate change related strategies are contingent upon firms' carbon reliance (Sprengel and Busch, 2011;Weinhofer and Hoffmann, 2010), industry sector (Cadez and Czerny, 2010;Okereke and Russel, 2010) and geographic location (Backman et al, 2015;Engels et al, 2008;Jeswani et al, 2008). Carbon reliance refers to the degree to which the existing business processes of firms are dependent on the usage of carbon resources.…”

Section: Research Propositionsmentioning

confidence: 99%