{"id":21839,"date":"2024-04-17T18:19:29","date_gmt":"2024-04-17T18:19:29","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/navigating-costs-and-compliance-emission-allowance-strategies-in-the-icelandic-aviation-and-maritime-sectors\/"},"modified":"2024-04-17T18:19:29","modified_gmt":"2024-04-17T18:19:29","slug":"navigating-costs-and-compliance-emission-allowance-strategies-in-the-icelandic-aviation-and-maritime-sectors","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/navigating-costs-and-compliance-emission-allowance-strategies-in-the-icelandic-aviation-and-maritime-sectors\/","title":{"rendered":"Navigating Costs and Compliance Emission Allowance Strategies in the Icelandic Aviation and Maritime Sectors"},"content":{"rendered":"

The European Union
\nEmissions Trading System (EU ETS) is a key component of Europe\u2019s climate change
\nmitigation policy. This thesis explores the financial implications of the EU
\nETS on four prominent Icelandic businesses in the aviation and maritime
\nindustries: Icelandair, Air Atlanta, Eimskip, and Samskip. As the EU ETS is continuously
\nupdated and the European Union and works to improve its policy for the
\nbetterment of emissions mitigation, these sectors face increasing operational
\ncosts related to greenhouse gas emissions. By analyzing the direct costs of buying
\nallowances under the EU ETS, this research delivers insights into the economic
\nburden posed on these companies. Through a sector cost analysis, this study
\nprovides an evaluation of the compliance costs for each company based on the
\nquantity of emissions and freely allocated emissions allowances. The thesis then
\nhighlights a calendar effect analysis that uncovers emissions price patterns at
\nauction, revealing strategic times for the purchase of allowances and guiding
\nstrategic cost management. Furthermore, this research employs an optimal
\nstopping model for the purchasing of emissions allowances. This model aids
\ncompanies in minimizing expenses while mitigating regulatory risks associated
\nwith excess emissions. It serves as a vital decision-making tool under volatile
\nmarket conditions.<\/span><\/p>\n


<\/span><\/div>\n
I have included a folder with data on the EU ETS prices which are also publically available as well as the data on the 4 companies financials. Data and calculations to be done in excel or R studio.<\/span><\/div>\n

<\/span><\/div>\n
I have included the 3 main papers the thesis is based off,<\/span><\/div>\n

“Christodoulou, A., Dalaklis, D., \u00d6l\u00e7er, A. I., & Ghaforian Masodzadeh, P. (2021). Inclusion of Shipping in the EU-ETS: Assessing the Direct Costs for the Maritime Sector Using the MRV Data. Energies<\/i>, 14<\/i>(13). https:\/\/doi.org\/10.3390\/en14133915 “<\/span><\/p>\n


<\/span><\/p>\n

“<\/span>Liu, Y., Sun, H., Meng, B., Jin, S., & Chen, B. (2023). How to purchase carbon emission right optimally for energy-consuming enterprises? Analysis based on optimal stopping model. <\/span>Energy Economics<\/i>,<\/span> 124<\/i>. https:\/\/doi.org\/10.1016\/j.eneco.2023.106758<\/span> “<\/span><\/p>\n


<\/span><\/p>\n

“<\/span>Calendar Anomalies in Developed EU Stock Markets<\/i><\/p>\n

Andreas G. Georgantopoulos*<\/i># <\/i><\/span>& Anastasios D. Tsamis**”<\/i><\/p>\n


<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The European Union Emissions Trading System (EU ETS) is a key component of Europe\u2019s climate change mitigation policy. This thesis explores the financial implications of the EU ETS on four prominent Icelandic businesses in the aviation and maritime industries: Icelandair, Air Atlanta, Eimskip, and Samskip. As the EU ETS is continuously updated and the European […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[128],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/21839"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=21839"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/21839\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=21839"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=21839"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=21839"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=21839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}