Governance by EU emissions trading: resistance or innovation in the oil industry?
Jon Skjærseth ()
International Environmental Agreements: Politics, Law and Economics, 2013, vol. 13, issue 1, 31-48
Studies of the EU Emissions Trading System (ETS) abound. Much is known about the economic incentives they contain to promote abatement and innovation, and studies are focusing on the short-term aggregate effects at sector and system levels. Less, however, is known about how the EU ETS affects companies, including their strategies, long-term innovation plans, and deployment of low-carbon solutions. This article presents an analytical framework of how companies are likely respond to regulation like the EU ETS, subsequently applied to companies in the oil industry, represented by the major multinationals ExxonMobil and Shell. The analysis finds that these companies had quite different initial responses to the ETS, whereas their long-term strategic responses to carbon pricing show signs of convergence. Copyright Springer Science+Business Media Dordrecht 2013
Keywords: EU climate policy; EU ETS; Corporate climate strategies; Oil industry (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:ieaple:v:13:y:2013:i:1:p:31-48
Ordering information: This journal article can be ordered from
Access Statistics for this article
International Environmental Agreements: Politics, Law and Economics is currently edited by Joyeeta Gupta
More articles in International Environmental Agreements: Politics, Law and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().