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Understanding business participation in UK emissions trading: dimensions of choice and influences on market development

Michael Nye ()
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Michael Nye: University of East Anglia

A chapter in Emissions Trading, 2008, pp 235-249 from Springer

Abstract: Abstract This research explores resource and capacity-based linkages between the choice to become involved in emissions trading and the development of an emissions market. The analysis is based on semi-structured interviews with key corporate participants in the UK emissions trading scheme (ETS). Analysis of interview data reveals that the development of an emissions market can be linked to the ability of firms to make an informed participation decision that take account of the interdependent dimensions of emissions trading. The paper concludes that the thin UK ETS market is as much a product of utility maximisation as it is of ad-hoc decision- making, fears of non-compliance and poor organisational capacities for managing trading.

Keywords: Emissions trading; emissions markets (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-73653-2_15

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DOI: 10.1007/978-0-387-73653-2_15

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