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CO2 Market Design versus Market Operation

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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CO2 Market Design versus Market Operation. / Veal, G; Mouzas, Stefanos.
In: Organization Studies, Vol. 33, No. 11, 2013, p. 1589-1616 .

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Veal, G & Mouzas, S 2013, 'CO2 Market Design versus Market Operation', Organization Studies, vol. 33, no. 11, pp. 1589-1616 . https://doi.org/10.1177/0170840612463325

APA

Veal, G., & Mouzas, S. (2013). CO2 Market Design versus Market Operation. Organization Studies, 33(11), 1589-1616 . https://doi.org/10.1177/0170840612463325

Vancouver

Veal G, Mouzas S. CO2 Market Design versus Market Operation. Organization Studies. 2013;33(11):1589-1616 . doi: 10.1177/0170840612463325

Author

Veal, G ; Mouzas, Stefanos. / CO2 Market Design versus Market Operation. In: Organization Studies. 2013 ; Vol. 33, No. 11. pp. 1589-1616 .

Bibtex

@article{807ad8ac14e042d398f1e048123b85e6,
title = "CO2 Market Design versus Market Operation",
abstract = "This study highlights significant discrepancies between CO2 market design and the actual operation of CO2 markets. Our findings are based upon an empirical investigation undertaken in the context of the European Emissions Trading Scheme between January 2009 and May 2010. CO2 markets are examined from a practice based perspective in which actors are engaged in exchange, representational and normalizing practices. Discrepancies between the actual and intended CO2 market practices are explained using the concepts of framing, overflowing and regulatory capture. We argue that the design of the European Emissions Trading Scheme has been influenced in such a way that it does not actually challenge market participants to reduce their CO2 emissions. In this way, the study challenges the near universal reliance upon CO2 markets as the primary policy mechanism for mitigating climate change. ",
author = "G Veal and Stefanos Mouzas",
year = "2013",
doi = "10.1177/0170840612463325",
language = "English",
volume = "33",
pages = "1589--1616 ",
journal = "Organization Studies",
issn = "0170-8406",
publisher = "SAGE Publications Ltd",
number = "11",

}

RIS

TY - JOUR

T1 - CO2 Market Design versus Market Operation

AU - Veal, G

AU - Mouzas, Stefanos

PY - 2013

Y1 - 2013

N2 - This study highlights significant discrepancies between CO2 market design and the actual operation of CO2 markets. Our findings are based upon an empirical investigation undertaken in the context of the European Emissions Trading Scheme between January 2009 and May 2010. CO2 markets are examined from a practice based perspective in which actors are engaged in exchange, representational and normalizing practices. Discrepancies between the actual and intended CO2 market practices are explained using the concepts of framing, overflowing and regulatory capture. We argue that the design of the European Emissions Trading Scheme has been influenced in such a way that it does not actually challenge market participants to reduce their CO2 emissions. In this way, the study challenges the near universal reliance upon CO2 markets as the primary policy mechanism for mitigating climate change.

AB - This study highlights significant discrepancies between CO2 market design and the actual operation of CO2 markets. Our findings are based upon an empirical investigation undertaken in the context of the European Emissions Trading Scheme between January 2009 and May 2010. CO2 markets are examined from a practice based perspective in which actors are engaged in exchange, representational and normalizing practices. Discrepancies between the actual and intended CO2 market practices are explained using the concepts of framing, overflowing and regulatory capture. We argue that the design of the European Emissions Trading Scheme has been influenced in such a way that it does not actually challenge market participants to reduce their CO2 emissions. In this way, the study challenges the near universal reliance upon CO2 markets as the primary policy mechanism for mitigating climate change.

U2 - 10.1177/0170840612463325

DO - 10.1177/0170840612463325

M3 - Journal article

VL - 33

SP - 1589

EP - 1616

JO - Organization Studies

JF - Organization Studies

SN - 0170-8406

IS - 11

ER -