Saturday, December 1, 2018

The EU Emission Trading Scheme: Aspects of Statehood, Regulation and Accounting (Europäische Hochschulschriften/European University Studies/Publications Universitaires Européennes) Download PDF By Stefan Veith


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The emission trading scheme is the most recent instrument of the EU environmental policy. Its underlying mechanisms and economic consequences are yet less straightforward than policymakers initially had expected: As this study shows, the regulation probably yields unintended distributional effects and imposes additional risk on the regulated companies. Consequently, meaningful accounting for emission rights is not only a necessity for regulators and customers, who need transparency, but also for investors on capital markets, who bear the additional regulatory risk. This study.
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