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Reputational impact of businesses’ compliance strategies under the EU Emissions Trading Scheme

  • Corinne Faure
  • Arne Hildebrandt
  • Karoline Rogge
  • Joachim Schleich

Abstract

Since January 2005, more than 11,000 installations in the EU are participating in the CO2 Emission Trading Scheme. Within this system companies may choose from a variety of compliance strategy options. To assess the relevance of reputational effects on companies’ climate strategies, a survey of the 300 largest emitting companies in Germany was conducted. Results indicate that reputational effects matter, but are dominated by other factors such as compliance costs, technical and economic risks, or practicabilty. Long-run reputational risks are most relevant for the Clean Development Mechanism and Joint Implementation.

Keywords

Emission Trading Scheme Clean Development Mechanism Joint Implementation 

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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Corinne Faure
    • 1
    • 2
  • Arne Hildebrandt
    • 3
  • Karoline Rogge
    • 4
    • 5
  • Joachim Schleich
    • 6
    • 7
  1. 1.European Business School Schloβ Reichartshausen65375 Oestrich-Winkel
  2. 2.Johann Wolfgang Goethe-University60054 Frankfurt
  3. 3.KPMG Deutsche Treuhandgesellschaft60439 Frankfurt
  4. 4.Fraunhofer Institute Systems and Innovation Research76139 KarlsruheGermany
  5. 5.ETH Zurich Group for Sustainability and Technology Department for Management Technology and Economics8092 ZurichSwitzerland
  6. 6.Fraunhofer Institute Systems and Innovation Research76139 KarlsruheGermany
  7. 7.Virginia Polytechnic Institute and State University BlacksburgVirginia 24060-0401USA

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