Kleesmaa, Jüri; Viiding, Marko; Latõšov, Eduard - In: Baltic Journal of Economics 11 (2011) 2, pp. 41-58
From 2013 the total quantity of permitted CO2 emissions in the European Union will be decreasingly capped, putting pressure on their unit price. This in turn will influence carbon-intensive companies’ total costs and potentially affect profit margins. This article offers analysis of a small...