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Title:Stochastic income statement planning and emissions trading PDF Logo
Authors:Dannenberg, Henry
Ehrenfeld, Wilfried
Issue Date:2010
Series/Report no.:IWH-Diskussionspapiere 2010,4
Abstract:Since the introduction of the European CO2 emissions trading system (EU ETS), the development of CO2 allowance prices is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from emissions trading can be considered in the stochastic profit and loss planning of corporations. Therefore we explore which planned figures are affected by emissions trading. Moreover, we show a way to model these positions in a planned profit and loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment and investment decisions in the uncertain environment of CO2 emissions trading.
Subjects:CO2
emissions trading
EU ETS
risk
stochastic business planning
CO2
Emissionshandel
EU ETS
Risiko
stochastische Unternehmensplanung
JEL:D81
G32
L59
Q54
Q56
Q58
Appears in Collections:Publikationen von Forscherinnen und Forschern des IWH
IWH-Diskussionspapiere

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