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The limited effect of EU emissions trading on corporate climate strategies: Comparison of a Swedish and a Norwegian pulp and paper company

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Author

  • Lars H. Gulbrandsen
  • Christian Stenqvist

Summary, in English

This article article examines to what extent and how the EU ETS has influenced the climate strategies of two Nordic pulp and paper companies: Swedish SCA and Norwegian Norske Skog. Rising electricity prices are perceived to be the greatest effect of the scheme. The EU ETS has served to reinforce commitments to improve energy efficiency and reduce CO2 emissions in both companies studied. Procedures like monitoring of CO2 emissions and accounting for CO2 prices have become more significant since the introduction of the EU ETS, but the scheme has not triggered a search for innovative, low-carbon solutions. Due to differences in market factors and production factors, SCA has been more active than Norske Skog in investing in and implementing CO2-lean actions. Future studies of climate-mitigation activities, strategies and innovations in the pulp and paper industry should involve more in-depth investigation of the interactions between such factors and the EU ETS. (C) 2013 Elsevier Ltd. All rights reserved.

Publishing year

2013

Language

English

Pages

516-525

Publication/Series

Energy Policy

Volume

56

Document type

Journal article

Publisher

Elsevier

Topic

  • Energy Systems

Keywords

  • Emissions trading
  • Corporate climate strategies
  • Pulp and paper industry

Status

Published

ISBN/ISSN/Other

  • ISSN: 1873-6777