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- W2130673399 abstract "The purpose of this thesis is to bring insight into and understanding of how the market for emission rights in Europe currently works and what problems it is currently facing. The research can be said to be based on positive theory, in the sense that it is grounded more on empirical theory on the subject than normative theory. Furthermore, a qualitative approach to generating data has been used. This has led to a pattern mode of explanation, where understanding a unique and complex field is the focus. The theoretical perspective utilized in this thesis is mainly based on empirical research on similar market-based systems for emission control. Interviews have been conducted with representatives of the important intermediaries and analysts involved in the European market for emission allowances. In addition, reports, documents and market data have been used. The results of this study indicate that the market is surprisingly healthy for such a new system. However, regulatory issues are a major source of uncertainty. Liquidity and transparency are burdened by the large proportion of trade that takes place outside the exchanges. It cannot be ruled out that powerful companies can influence prices on the market." @default.
- W2130673399 created "2016-06-24" @default.
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- W2130673399 date "2006-01-01" @default.
- W2130673399 modified "2023-09-27" @default.
- W2130673399 title "The European Emission Trading Scheme: A Market Perspective" @default.
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