TY  - BOOK
AU  - Stefan Veith
PY  - 2010
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 0531-7339
SN  - 9783653000306
TI  - The EU Emission Trading Scheme
T2  - Aspects of Statehood, Regulation and Accounting
DO  - 10.3726/978-3-653-00030-6
UR  - https://www.peterlang.com/document/1044321
N2  - 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.
KW  - Emissionsrechte, Emissionshandel, Bilanzierung, Umweltpolitik, Capital Asset Pricing Model
LA  - English
ER  -