The potential impacts of Emissions Trading Scheme and biofuel options to carbon emissions of U.S. airlines

Chao, Hsun; Agusdinata, Datu Buyung; DeLaurentis, Daniel A.

doi:10.1016/j.enpol.2019.110993

Cited by 21 publications

(10 citation statements)

References 16 publications

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“…Environmental sustainability , where the aircraft fleet is fueled by renewable, mainly biomass-generated, biofuels (Agusdinata & DeLaurentis, 2015;Bomgardner, 2012;Chao et al, 2017;Chao et al, 2019), or in lightening the aircraft weight to protect environment from heavily carbon dioxide-liking emissions. Indeed, airlines take the issue of weight very seriously and such a measure is to lighten the aircraft weight very seriously.…”

Section: Discussionmentioning

confidence: 99%

The impact of Corporate Social Responsibility on Corporate Image: Evidence of budget airlines in Europe

Štreimikienė

Lasickaitė

Škare

et al. 2020

Corp Soc Responsibility Env

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There is growing scientific debate on the impact of Corporate Social Responsibility (CSR) or Corporate Hypocrisy (CH) on Corporate Reputation (CR). The aim of the study is to analyse the influence of CSR on CR based on literature review and results of conducted empirical studies and to test this relationship in growing budget airlines sector. Environmental responsibility of airlines was highlighted in this study. The empirical study conducted in Lithuania employed quantitative survey. And 400 adults were surveyed. The results indicated that CSR and CR in the budget airline sector are important for the Lithuanian customers. However, the study did not find the link between agreeing to pay a higher price for flight operated by socially responsible companies and the importance of airlines' CR in making a purchase decision. There was also no link found between the more frequent choice of flights operated by airlines conducting CSR activities and the importance of the airlines' CR in the purchasing decision. The relationship between airlines ‘past actions that determine their CR and the predictability of airlines' future actions were also found to be weak.

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Section: Discussionmentioning

confidence: 99%

The impact of Corporate Social Responsibility on Corporate Image: Evidence of budget airlines in Europe

Štreimikienė

Lasickaitė

Škare

et al. 2020

Corp Soc Responsibility Env

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“…The remaining papers state a combined goal in the introduction to the work and further define separate sub-goals before the individual economic and environmental assessment sections of the paper. Examples of this include Thomassen et al (2018) and Chao et al (2019). Largely, these LCA/TEA sub-goals are more detailed tending towards ISO 14040 requirements.…”

Section: Goals Of the Assessments Are Generalizedmentioning

confidence: 99%

Integration of techno-economic and life cycle assessment: Defining and applying integration types for chemical technology development

Wunderlich

Armstrong

Buchner

et al. 2021

Journal of Cleaner Production

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“…In other words, the incentive to use biofuels is that they release relatively less carbon than fossil energy sources. Chao et al [33] argued that applying carbon emission policies to airlines could lead to a transition to biofuels in the aviation sector in the U.S. Chen et al [34] showed that after the global financial crisis of 2008, the correlation among the EUA, natural gas and coal markets has weakened, but their volatility has increased.…”

Section: Literature Reviewmentioning

confidence: 99%

Dynamic Spillover and Hedging among Carbon, Biofuel and Oil

Lee

Yoon

2020

Energies

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In recent years, there has been growing interest in the market interactions between carbon (or clean/renewable energy) and traditional fossil energy such as coal and oil, but few studies have discussed their dynamic volatility spillover and time-varying correlation. To investigate these issues, we used the weekly data of the European Union carbon emission allowance (EUA) futures, biofuel and Brent oil prices from 25 October 2009 to 5 July 2020. We employed the vector autoregressive-generalized autoregressive conditional heteroscedasticity (VAR-GARCH) model with the Baba, Engle, Kraft and Krone (BEKK) specification. Our main findings are summarized as follows: First, we identified the sudden changes and the volatility persistence in the EUA, biofuel, and Brent oil markets, and also confirmed that the volatility of the markets has changed significantly over time. Second, we found a weak volatility spillover effect among the three markets, and a strong spillover effect between the EUA and Brent oil markets. In particular, the effect of volatility spillover from the Brent oil market to the EUA market was the strongest than the other cases. Lastly, in financial market, by holding the EUA and energy sources together as assets, investors can effectively hedge their investment risk. The possibility of hedging is more pronounced between the EUA and biofuel markets.

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The potential impacts of Emissions Trading Scheme and biofuel options to carbon emissions of U.S. airlines

Cited by 21 publications

References 16 publications

The impact of Corporate Social Responsibility on Corporate Image: Evidence of budget airlines in Europe

The impact of Corporate Social Responsibility on Corporate Image: Evidence of budget airlines in Europe

Integration of techno-economic and life cycle assessment: Defining and applying integration types for chemical technology development

Dynamic Spillover and Hedging among Carbon, Biofuel and Oil

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