Carbon Management Strategies in Manufacturing Companies: An Exploratory Note*

Zusammenfassung

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In order to meet the Kyoto Protocol's greenhouse gas emissions targets, the EU has implemented an Emissions Trading Scheme (EU ETS) as a cornerstone of its climate policy. The main attribute of this mechanism is its inherent flexibility. It offers companies the possibility of tailoring a carbon management strategy that is the most cost-effective, i.e. reducing actual emissions vs. buying allowances to emit. Although the EU ETS was launched in 2005, to date little is known about its implications for corporate carbon management. The study provides some original insights into corporate carbon management strategies by deploying a case study of two Slovenian manufacturing companies.

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Auszug

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Carbon Management Strategies in Manufacturing Companies: An Exploratory Note*

Introduction

In order to avoid the potentially catastrophic outcomes of global warming (IPCC 2007; Stern 2007), at the 3rd Conference of the Parties to the United Nations Framework Convention on Climate Change in 1997 the Kyoto Protocol was signed, providing binding measures for the reduction of greenhouse gas emissions in developed countries (Jaehn/Letmathe, 2010). The Kyoto Protocol contains three so-called flexible mechanisms to meet the national reduction commitments: (1) emissions trading; (2) a clean development mechanism; and (3) joint implementation (Braun 2009; MacKenzie 2009).

The EU Emissions Trading Scheme (EU ETS) is a cornerstone of the European Union's climate policy and started operating in 2005. It encompasses about 1 15500 installations from energy and industry sectors that are responsible for about 40% of greenhouse gas emissions in the EU (Braun 2009). The EU ETS is organised in three phases. Phase 1 from 2005 to 2007 provided many companies and national administrations with a period of learning about the options and problems of this new policy tool (Convery et al. 2008; Engels 2009). Phase 2 from 2008 to 2012 is congruent with the compliance period of the Kyoto Protocol in which...

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