Although the European Union market of carbon dioxide emission allowances is immature, it presents potential opportunities for the companies involved for environmental improvements and optimal use of resources. Emission trading is designed to be a cost-managing instrument.However,evaluation of the first-yearperformance of the European Union Emission Trading scheme showed its weak environmental and economic impacts. This could be enhanced, among others, through a more active participation of the companies in the allowances trading. A company's enrolment in the trading scheme is based on saving costs, therefore, it is essential to explore the complexity of factors influencing trading and identify the internal opportunities of cost optimisation. The article presents a mathematical model of cost optimisation and focuses on the key factors influencing decision-making at a company level.
|Number of pages||6|
|Publication status||Published - 2008|
ASJC Scopus subject areas
- Energy Engineering and Power Technology
- Energy (miscellaneous)
- Geotechnical Engineering and Engineering Geology