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The EU Emission Trading Scheme

Aspects of Statehood, Regulation and Accounting

by Stefan Veith (Author)
Thesis XX, 203 Pages

Summary

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.

Details

Pages
XX, 203
ISBN (PDF)
9783653000306
ISBN (Softcover)
9783631603154
Language
English
Publication date
2010 (November)
Published
Frankfurt am Main, Berlin, Bern, Bruxelles, New York, Oxford, Wien, 2010. XX, 203 pp., num. tables and graphs

Biographical notes

Stefan Veith (Author)

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.

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Title: The EU Emission Trading Scheme