Acta Univ. Agric. Silvic. Mendelianae Brun. 2015, 63(6), 2213-2220 | DOI: 10.11118/actaun201563062213

Pilot Analysis of the Behaviour of Companies Within the 3rd Trading Period of the EU ETS in the Czech Republic

Jarmila Zimmermannová
Department of Economics, Moravian University College Olomouc, tř. Kosmonautů 1288/1, 779 00 Olomouc, Czech Republic

This paper is focused on the first ex-post analysis of the EU ETS in its 3rd trading period in the Czech Republic, based on the analysis of the behaviour of the key EU ETS sector - combustion processes - and the decision making of Czech electricity and heat producers within the EU ETS. Firstly, the general overview of the EU ETS is presented, including the important scientific studies in this area. The characteristics of the EU ETS in the Czech Republic are described. The second chapter, methodology and data, describes the method, the questionnaire survey. The key chapter, results, focuses on the most important outputs obtained from the questionnaire survey. The discussion part deals with particular characteristics of the EU ETS in the 3rd trading period in the Czech Republic. Focusing on the behaviour of Czech companies in the analyzed period, it is obvious, that the companies within the combustion processes group understood the EU ETS much more as an additional environmental tax or fee, instead of commodity, which can be traded on the exchange. Moreover, the EU ETS had no impact on their environmental investments planning in years 2013 and 2014.

Keywords: EU ETS, 3rd trading period, decision making, combustion processes, ex post analysis, questionnaire survey, Czech Republic
Grants and funding:

This research was supported by the grant [No. P403/12/1811] provided by the Czech Science Foundation.

Prepublished online: December 26, 2015; Published: January 1, 2016  Show citation

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Zimmermannová, J. (2015). Pilot Analysis of the Behaviour of Companies Within the 3rd Trading Period of the EU ETS in the Czech Republic. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(6), 2213-2220. doi: 10.11118/actaun201563062213
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