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dc.contributor.authorBetz, Regina-
dc.contributor.authorSchmidt, Tobias S.-
dc.date.accessioned2019-04-05T13:08:42Z-
dc.date.available2019-04-05T13:08:42Z-
dc.date.issued2015-
dc.identifier.issn1469-3062de_CH
dc.identifier.issn1752-7457de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/16507-
dc.description.abstractIn 2005, the world's largest Emissions Trading System (ETS) was introduced in the EU. Economic theory assumes high efficiency of such market-based instruments since companies have the flexibility to trade allowances. However, to date there is a lack of understanding on how companies have participated in the allowance markets. This article uses data on transfers of allowances between 2005 and the end of 2007, published by the EU in the Community Independent Transaction Log (CITL) after a five-year delay. We use cluster analysis to detect patterns in the data and differentiate transfer behaviour. We find that the vast majority of participants (7212 accounts) are rather passive in terms of transfers. Of these, more than half are hardly participating in the market at all, whereas one-third are accounts managed by another account belonging to the parent company. Opposed to that, 143 accounts show more active, but relatively diverse transfer behaviour. We also identify differences in sectoral representations, account types, and primary allocation across the seven clusters. While the passive accounts mostly belong to installations regulated under the EU ETS, the most active accounts are classified as ‘non-regulated account type'.de_CH
dc.language.isoende_CH
dc.publisherTaylor & Francisde_CH
dc.relation.ispartofClimate Policyde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectCluster analysisde_CH
dc.subjectAccount typede_CH
dc.subjectCommunity independent transaction log (CITL) datade_CH
dc.subjectEmission tradingde_CH
dc.subjectEU ETSde_CH
dc.subjectResearch agendade_CH
dc.subject.ddc363: Umwelt- und Sicherheitsproblemede_CH
dc.titleTransfer patterns in Phase I of the EU Emissions Trading System : a first reality check based on cluster analysisde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitZentrum für Energie und Umwelt (CEE)de_CH
dc.identifier.doi10.1080/14693062.2015.1028319de_CH
zhaw.funding.euNode_CH
zhaw.issue4de_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end495de_CH
zhaw.pages.start474de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume16de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
Appears in collections:Publikationen School of Management and Law

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Betz, R., & Schmidt, T. S. (2015). Transfer patterns in Phase I of the EU Emissions Trading System : a first reality check based on cluster analysis. Climate Policy, 16(4), 474–495. https://doi.org/10.1080/14693062.2015.1028319
Betz, R. and Schmidt, T.S. (2015) ‘Transfer patterns in Phase I of the EU Emissions Trading System : a first reality check based on cluster analysis’, Climate Policy, 16(4), pp. 474–495. Available at: https://doi.org/10.1080/14693062.2015.1028319.
R. Betz and T. S. Schmidt, “Transfer patterns in Phase I of the EU Emissions Trading System : a first reality check based on cluster analysis,” Climate Policy, vol. 16, no. 4, pp. 474–495, 2015, doi: 10.1080/14693062.2015.1028319.
BETZ, Regina und Tobias S. SCHMIDT, 2015. Transfer patterns in Phase I of the EU Emissions Trading System : a first reality check based on cluster analysis. Climate Policy. 2015. Bd. 16, Nr. 4, S. 474–495. DOI 10.1080/14693062.2015.1028319
Betz, Regina, and Tobias S. Schmidt. 2015. “Transfer Patterns in Phase I of the EU Emissions Trading System : A First Reality Check Based on Cluster Analysis.” Climate Policy 16 (4): 474–95. https://doi.org/10.1080/14693062.2015.1028319.
Betz, Regina, and Tobias S. Schmidt. “Transfer Patterns in Phase I of the EU Emissions Trading System : A First Reality Check Based on Cluster Analysis.” Climate Policy, vol. 16, no. 4, 2015, pp. 474–95, https://doi.org/10.1080/14693062.2015.1028319.


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