Financial, Ecological and Managerial Impacts of Emission Trading Schemes : The Case of Lufthansa
Journal
Business Strategy and the Environment
ISSN
0964-4733
ISSN-Digital
1099-0836
Type
journal article
Date Issued
2011-03
Author(s)
Abstract (De)
Commencing in 2012, emissions from flights departing from or arriving at airports within the Euro-pean Union (EU) will be covered under the EU-Emissions Trading Scheme (ETS). This research analyzes the financial and ecological impacts of the ETS for the Lufthansa Group using a simulation model built on the now-fixed system design. The results show that while ecological impacts are modest in the first years after introduction, the ETS will result in much higher emission reductions in the mid- and long-term. These ecological benefits come at the expense of increased financial im-pacts. The paper argues that the ETS will have a variety of managerial implications at the company level in fields such as environmental monitoring, financial risk management and marketing.
Language
German
Keywords
Environmental policy
Emissions trading
External costs
Travel & Transportation
Aviation
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Wiley
Publisher place
Chichester
Volume
20
Number
3
Start page
174
End page
191
Pages
18
Subject(s)
Division(s)
Eprints ID
62318