ENVIRONMENTAL EFFICIENCY OF STEEL INDUSTRY IN VISEGRAD FOUR COUNTRIES: A PANEL DATA APPROACH

1 ZAPLETAL František
Co-authors:
1 ZÁVACKÁ Jana
Institution:
1 VSB - Technical University of Ostrava, Ostrava, Czech Republic, EU, Frantisek.Zapletal@vsb.cz , Jana.Zavacka1@vsb.cz
Conference:
25th Anniversary International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, May 25th - 27th 2016
Proceedings:
Proceedings 25th Anniversary International Conference on Metallurgy and Materials
Pages:
1671-1676
ISBN:
978-80-87294-67-3
ISSN:
2694-9296
Published:
14th December 2016
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
78 views / 20 downloads
Abstract

European Union authorities effort to make the industrial companies to decrease the amount of CO2 emissions produced. The main instrument of the EU environmental policy is emissions allowances trading. The main goal of this paper is to analyze the impact of the EU Emissions Trading Scheme (EU ETS) on the environmental efficiency in the national steel sectors. We define the efficiency as a share of CO2 emissions released on the amount of steel products manufactured. The analysis is performed on the data of Visegrad Four (V4) countries. The results of the panel data analysis and the single regression proved the statistical significance of the emissions allowances allocated to each sector for free on the environmental efficiency.

Keywords: Emissions allowances, EU ETS, Visegrad countries, environmental efficiency, panel data

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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