Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of...

Emissions trading (ET) challenges business managers in an entirely new manner, changing the criteria by which environmental policy steers management decisions from hierarchical to monetary. The 24 contributions to this volume discuss ET theoretically and empirically in these broad topic areas:...

Based on a research framework which combines environmental economics and innovation studies, we explore the relevance of the regulatory framework for innovation activities in the German paper industry, with a focus on climate poli-cies. Innovation activities considered include research and...