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Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-1144
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dc.contributor.authorCludius, Johanna-
dc.contributor.authorBetz, Regina-
dc.date.accessioned2016-09-06T07:03:25Z-
dc.date.available2016-09-06T07:03:25Z-
dc.date.issued2016-03-
dc.identifier.issn2296-5025de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/1144-
dc.description.abstractThis paper is an empirical investigation of the role of the financial sector in the EU Emissions Trading Scheme (EU ETS). This topic is of particular interest because non-regulated entities are likely to have played an important part in increasing the efficiency of the EU ETS by reducing trading transaction costs and providing other services. Due to various reasons (new rules and regulations, reduced return prospects, VAT fraud investigations) banks have reduced their engagement in EU Emissions Trading and it is unclear how this will impact on the functioning of the carbon market. Our regression analysis based on data from the EU Transaction Log shows that large companies and companies with extensive trading experience are more likely to interact with the financial sector, which is why we expect banks’ pulling out of the EU ETS to affect larger companies more significantly. The semi-structured interviews we conducted with representatives of the financial sector, as well as companies liable under the EU ETS, confirm that banks were involved in the EU carbon market in various capacities, specifically as hedging partners for larger companies in the energy sector. Whether this particular role may be taken on by other financial players is unknown at this stage.de_CH
dc.format.extent34de_CH
dc.language.isoende_CH
dc.publisherZHAW Zürcher Hochschule für Angewandte Wissenschaftende_CH
dc.relation.ispartofseriesSML Working Paperde_CH
dc.rightsNot specifiedde_CH
dc.subjectEU ETSde_CH
dc.subjectFinancial sectorde_CH
dc.subjectBankde_CH
dc.subjectTrading strategyde_CH
dc.subjectHedgingde_CH
dc.subjectEUTLde_CH
dc.subject.ddc363: Umwelt- und Sicherheitsproblemede_CH
dc.titleEU emissions trading : the role of banks and other financial actors : insights from the EU transaction log and interviewsde_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Regulierung und Wettbewerb (IRW)de_CH
zhaw.publisher.placeWinterthurde_CH
dc.identifier.doi10.21256/zhaw-1144-
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.series.number12de_CH
Appears in collections:Energierecht & Energy Policy Analysis

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Cludius, J., & Betz, R. (2016). EU emissions trading : the role of banks and other financial actors : insights from the EU transaction log and interviews. ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-1144
Cludius, J. and Betz, R. (2016) EU emissions trading : the role of banks and other financial actors : insights from the EU transaction log and interviews. Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften. Available at: https://doi.org/10.21256/zhaw-1144.
J. Cludius and R. Betz, “EU emissions trading : the role of banks and other financial actors : insights from the EU transaction log and interviews,” ZHAW Zürcher Hochschule für Angewandte Wissenschaften, Winterthur, Mar. 2016. doi: 10.21256/zhaw-1144.
CLUDIUS, Johanna und Regina BETZ, 2016. EU emissions trading : the role of banks and other financial actors : insights from the EU transaction log and interviews. Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften
Cludius, Johanna, and Regina Betz. 2016. “EU Emissions Trading : The Role of Banks and Other Financial Actors : Insights from the EU Transaction Log and Interviews.” Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-1144.
Cludius, Johanna, and Regina Betz. EU Emissions Trading : The Role of Banks and Other Financial Actors : Insights from the EU Transaction Log and Interviews. ZHAW Zürcher Hochschule für Angewandte Wissenschaften, Mar. 2016, https://doi.org/10.21256/zhaw-1144.


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