Emissions Trading and Corporate Sustainability Management
Research output: Contributions to collected editions/works › Chapter › peer-review
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Emissions Trading: Institutional Design, Decision Making and Corporate Strategies. ed. / Ralf Antes; Bernd Hansjürgens; Peter Letmathe. Berlin: Springer Verlag, 2008. p. 167-181.
Research output: Contributions to collected editions/works › Chapter › peer-review
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RIS
TY - CHAP
T1 - Emissions Trading and Corporate Sustainability Management
AU - Hesselbarth, Charlotte
PY - 2008
Y1 - 2008
N2 - 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.
AB - 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.
KW - Sustainability sciences, Management & Economics
KW - emissons trading
KW - market-based instruments
KW - institutional theory
KW - sustainability
KW - Corporate Sustainability Management
KW - intersection management
KW - structural policy
KW - norm-setting
KW - sustainability responsibility
KW - Corporate Sustainability Management
KW - Emissions trading
KW - institutional theory
KW - intersection management
KW - market-based instruments
KW - norm-setting
KW - structural policy
KW - sustainability
KW - sustainability responsibility
UR - http://www.scopus.com/inward/record.url?scp=84889977586&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/9de6ff9f-f807-3bff-ae4d-1ebaa8609021/
U2 - 10.1007/978-0-387-73653-2_11
DO - 10.1007/978-0-387-73653-2_11
M3 - Chapter
SN - 978-0-387-73652-5
SN - 0-387-73652-2
SP - 167
EP - 181
BT - Emissions Trading
A2 - Antes, Ralf
A2 - Hansjürgens, Bernd
A2 - Letmathe, Peter
PB - Springer Verlag
CY - Berlin
ER -