Jarmila Zimmermannova,

Department of Economics, Moravian University College Olomouc,

Olomouc, Czech Republic,

jarmila.zimmermannova@seznam.cz;   jarmila.zimmermannova@mvso.cz

Ex-post Analysis of the EU Emission Trading in Year 2013

in the Czech Republic

Petr Cermak,

Institute of Computer Science, Faculty of Philosophy and Science,

Silesian University,

Opava, Czech Republic,

petr.cermak@fpf.slu.cz

ABSTRACT. The main goal of the paper is to provide the first ex-post analysis of the EU ETS in year 2013 in the Czech Republic, based on the analysis of the key EU ETS sector – combustion processes. Regarding the methodology, the empirical research was used as a one part, as a second part the Mamdani fuzzy rule-based system. Since the EUA market price was low in year 2013, the Czech companies within the combustion processes group had weak motivation to trade with the EUAs. However, the revenues obtained from the EUA auctions in year 2013 were higher than revenues obtained from the environmental taxes. Moreover, auctioned EUAs had the similar characteristics as the environmental taxes. We can say that the EUA behaved as an additional carbon tax – in case that the company exceeded the level of emission limit represented by  free emission allowances.

Petr Novak,

Tomas Bata University in Zlín, Zlín, Czech Republic,

pnovak@fame.utb.cz

Received: March, 2015

1st Revision: June, 2015

Accepted: July, 2015   

DOI:10.14254/2071- 789X.2015/8-2/13

JEL Classification:  H23, H3, Q48, Q58

Keywords: emission trading; environmental taxation; EU ETS; Czech Republic.