The EU Emission Trading Scheme
ISBN:
978-3-631-60315-4
Verlag:
Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Land des Verlags:
Deutschland
Erscheinungsdatum:
28.06.2010
Reihe:
Europaeische Hochschulschriften / European University Studies / Publications Universitaires Européennes
Format:
Softcover
Seitenanzahl:
203
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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 empirically assesses the usefulness of various accounting alternatives and provides evidence that cost and fair value approaches dominate the widely used mixed models.
Schlagwörter
Biografische Anmerkung
The Author: Stefan Veith, born in 1980, received his graduate and doctoral degrees from the University of Bremen (Germany). He currently works in the Department of Accounting at the University of Bremen. His main areas of interest include accounting regulation, corporate disclosures, environmental policy and energy economics.
