Emissions Trading and Corporate Sustainability Management
Research output: Contributions to collected editions/works › Chapter › peer-review
Authors
The introduction of Emissions Trading (ET) on 1.1.2005 in Europe represents an institutional innovation and a significant change in the existing framework for many microeconomic activities. Likewise Corporate Sustainability Management proves to be a new challenge and a necessity for future-oriented companies to ensure profitability and competitiveness as well as legitimisation and public reputation. This paper outlines the main characteristics of Corporate Sustainability Management and investigates theimpact of ET as a market-based instrument for environmental policy regarding the possibilities for sustainability-oriented management. Potentials forintersection management with the identification of success factors and triple-win situations are pointed out as well as prospects for structural policy and norm-setting activities. Stating the limits of market-based instruments and monetary regulation, it becomes obvious that additional non-economic incentives and ethical behaviour in the form of accepting 'sustainability responsibility' are necessary for meeting the demands of sustainability.
| Original language | English |
|---|---|
| Title of host publication | Emissions Trading : Institutional Design, Decision Making and Corporate Strategies |
| Editors | Ralf Antes, Bernd Hansjürgens, Peter Letmathe |
| Number of pages | 15 |
| Place of Publication | Berlin |
| Publisher | Springer |
| Publication date | 2008 |
| Pages | 167-181 |
| ISBN (print) | 978-0-387-73652-5, 0-387-73652-2 |
| ISBN (electronic) | 978-0-387-73653-2 |
| DOIs | |
| Publication status | Published - 2008 |
| Externally published | Yes |
- Sustainability sciences, Management & Economics - Corporate Sustainability Management, Emissions trading, institutional theory, intersection management, market-based instruments, norm-setting, structural policy, sustainability, sustainability responsibility