Emissions trading (ET) challenges business managers in an entirely new manner, changing the criteria by which environmental policy steers management decisions from hierarchical to monetary. The 24 contributions to this volume discuss ET theoretically and empirically in these broad topic areas: 1) Institutional design, decision making and innovation; 2) Investment and management strategies; 3) ET and business administration and 4) Effects of existing and emerging ET schemes.

InhaltsangabeInstitutional design, decision making and innovation.- Abatement costs vs. compliance costs in multi-period emissions trading - the firms' perspective.- Generous allocation and a ban on banking - implications of a simulation game for EU emissions trading.- Emissions trading and innovation in the German electricity industry - impact of possible design options for an emissions trading scheme on innovation strategies in the German electricity industry.- A dynamic game of technology diffusion under emissions trading: an experiment.- Sustainability entrepreneurship in the context of emissions trading.- Investment and management strategies under emissions trading.- Optimal strategies for emissions trading in a Putty-Clay Vintage Model.- Strategic production management of companies participating in the European greenhouse gas emission allowance trading scheme.- Decision making in the emissions-market under uncertainty.- The impact of climate policy on heat and power capacity investment decisions.- Implications of the European emissions trading scheme for strategic energy management in small and medium enterprises.- Management and optimization of environmental data within emissions trading markets - VEREGISTER and TEMPI.- Emissions trading with changing future commitments - some initial thoughts.- Emissions trading and business administration.- Emission Trading North - important findings from a business perspective.- Corporate greenhouse gas management in the context of emissions trading regimes.- Accounting for emission rights.- The role of stakeholder driven corporate governance - the example of BP's climate change strategy.- Emissions trading and effects on financial markets.- Effects of emissions trading schemes existing and being implemented.- The EU emissions trading scheme and its competitiveness effects upon European business - results from the CGE model DART.- Implementing the EU emissions trading directive in Spain: a comparative study of corporate concerns and strategies in different industrial sectors.- UK's climate change levy and emissions trading scheme: implications for businesses' productivity and economic efficiency.- The sources of emission reductions: evidence from U.S. SO2 emissions from 1985 through 2002.- Policy-business interaction in emissions trading between multiple regions.- The changing role of the project mechanisms in emissions trading.- Prevailing technologies and locations of CDM projects: the current situation compared with expectations.

Part A: Institutional design, decision making and innovation.- Part B: Investment and management strategies under emissions trading.- Part C: Emissions trading and business administration.- Part D: Effects of emissions trading schemes existing and being implemented.