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http://hdl.handle.net/10419/37067
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| Title: | | Stochastic income statement planning and emissions trading  |
| 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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