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GOING GREEN, INVESTING FOR LONG TERM PROFITABILITY IN RENEWABLE ENERGIES IN THE FACE OF A CAP-AND-TRADE SYSTEM: A CASE STUDY OF SWEDISH ENERGY PRODUCING FIRMS

by Pronove, Felix Ricardo

Abstract

In response to national commitments to lower carbon emissions and to government-mandated firm-specific emissions reduction targets using an emission cap-and-trade system, affected firms are subjected to an added marginal cost related to carbon emissions. Assuming that affected firms are profit seeking, they must alter their business strategies and investment plans to accommodate this new cost. To examine how businesses change strategies in the face of a new marginal cost, I look at the choices made by Swedish electricity-producing firms in the face of the European Union’s Emissions Trading Scheme. Through regressions of each firm’s profit, I discover that the investing in renewable energies will be the most profitable strategy in the long run.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:11183
Digital Origin
born digital
Extent
33 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Kristina Lybecker
Department/Program
Department of Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College
Date Issued
2015-05