Linking Environmental Performance and Financial Profitability of Companies under Greenhouse Gas Emissions Trading
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The EU ETS requires companies to purchase emission allowances to cover their carbon emissions.
“As the world's first carbon market, the EU- ETS requires companies to purchase emission allowances to cover their carbon emissions (Colmer et al. 2023; Mañas- Álvarez et al. 2024).”
From The Impact of Carbon Pricing on Corporate Sustainability: Evidence From the European Union (2026) · cites this paper as Mañas-Álvarez et al. 2024
Section 2.1 (page unavailable) says auctioning became the main allocation method and electricity-sector companies had to obtain all the allowances needed to cover their emissions. It also says some sectors continued to receive free allowances, so the paper does not support the unqualified claim that companies must purchase allowances for all their emissions. The paper dates the EU ETS to 2005 but does not establish that it was the world's first carbon market. (LLM, conf=0.88)
Experimental — accuracy not yet measuredThe gradual reduction in free allocation forces companies to purchase emission allowances in the carbon market to cover their emission deficits.
“The gradual reduction in free allocation forces companies to purchase emission allowances in the carbon market to cover their emission deficits (Gaztañaga et al. 2022; Mañas- Álvarez et al. 2024).”
From The Impact of Carbon Pricing on Corporate Sustainability: Evidence From the European Union (2026) · cites this paper as Mañas-Álvarez et al. 2024
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The Impact of Carbon Pricing on Corporate Sustainability: Evidence From the European Union
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- Authors
- Mañas-Álvarez, I. C., Galán-Valdivieso, F., & Caba-Pérez, M. D. C.
- Affiliations
- University of Almería (ES)
- Corresponding author
- Mañas-Álvarez, Isabel Cristina
- Venue
- Sustainable Finance
- Publisher
- Springer Nature Switzerland
- Published
- 2024
- Pages
- 225-238
- ISSN
- 2522-8285 (ISSN-L)
- 2522-8293
- OpenAlex
- W4399031795
- Cited by
- 1
- References
- 44
- Citations by year
- 2025: 1
- FWCI
- 2.14
- Type
- book chapter
- Language
- en
- Open access
- green
- hdl.handle.net
- Licence
- Locations
- Sustainable finance (publishedVersion)
- Repositorio de Patentes de la Universidad de Almería (Universidad de Almería) (submittedVersion, other-oa)
- Topics
- Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
- Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
- Social Sciences › Economics, Econometrics and Finance › Finance › Sustainable Finance and Green Bonds
- Keywords
- greenhouse gas emissions trading, EU Emissions Trading System, environmental performance, profitability, CO2 emissions, carbon intensity, carbon pricing, European firms, climate policy
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