IDEAS home Printed from https://ideas.repec.org/a/ids/gbusec/v14y2012i1-2p5-29.html
   My bibliography  Save this article

Can sustainable investing generate carbon credits?

Author

Listed:
  • João Zambujal-Oliveira

Abstract

In a world where greenhouse gases (GHG) carry a price, organisations can create financial instruments that are tradable on the carbon market by investing in projects that reduce GHG emissions. The purpose of this study is to critically analyse an investment project from EcoSecurities to mitigate the emissions of methane from a coalmine located in China's Sichuan province. This project generates carbon credits that are later sold to governments and organisations under the Kyoto Protocol. In order to evaluate this investment, we conducted an analysis centred in its net present value, and we take into consideration a set of external variables and the financial and economic situation of EcoSecurities. This study concludes that EcoSecurities project investment, since project's net present value is positive, it has a relevant impact on EcoSecurities strategy and improves the company's financial situation as it increases revenues and improves assets using efficiency.

Suggested Citation

  • João Zambujal-Oliveira, 2012. "Can sustainable investing generate carbon credits?," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 14(1/2), pages 5-29.
    • Handle: RePEc:ids:gbusec:v:14:y:2012:i:1/2:p:5-29
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=44475
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Karan Capoor & Philippe Ambrosi, "undated". "State and Trends of the Carbon Market 2007," World Bank Publications - Reports 13407, The World Bank Group.
    2. Josef Janssen, 2000. "Implementing the Kyoto Mechanisms: Potential Contributions by Banks and Insurance Companies," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 25(4), pages 602-618, October.
    3. repec:wbk:wboper:13406 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hayashi, Daisuke & Huenteler, Joern & Lewis, Joanna I., 2018. "Gone with the wind: A learning curve analysis of China's wind power industry," Energy Policy, Elsevier, vol. 120(C), pages 38-51.
    2. Gomes, Gabriel Lourenço & Szklo, Alexandre & Schaeffer, Roberto, 2009. "The impact of CO2 taxation on the configuration of new refineries: An application to Brazil," Energy Policy, Elsevier, vol. 37(12), pages 5519-5529, December.
    3. Philipp Pattberg & Johannes Stripple, 2008. "Beyond the public and private divide: remapping transnational climate governance in the 21st century," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 8(4), pages 367-388, December.
    4. Pablo Del R�O, 2008. "Will there be value for Kyoto units in a post-Kyoto regime?," Climate Policy, Taylor & Francis Journals, vol. 8(1), pages 75-90, January.
    5. Rachid Boutti & El Amri Adil & Florence Rodhain, 2019. "Multivariate Analysis of a Time Series EU ETS: Methods and Applications in Carbon Finance," Post-Print hal-03676358, HAL.
    6. Doyle, Martin W. & Yates, Andrew J., 2010. "Stream ecosystem service markets under no-net-loss regulation," Ecological Economics, Elsevier, vol. 69(4), pages 820-827, February.
    7. Saša Stjepanović & Daniel Tomić & Marinko Škare, 2017. "A new approach to measuring green GDP: a cross-country analysis," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 574-590, June.
    8. Falconett, Irina & Nagasaka, Ken, 2010. "Comparative analysis of support mechanisms for renewable energy technologies using probability distributions," Renewable Energy, Elsevier, vol. 35(6), pages 1135-1144.
    9. Sukumar Ganapati & Liguang Liu, 2009. "Sustainable development in the Clean Development Mechanism: the role of Designated National Authority in China and India," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 52(1), pages 43-60.
    10. Christoph Böhringer & Thomas Rutherford & Marco Springmann, 2015. "Clean-Development Investments: An Incentive-Compatible CGE Modelling Framework," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 60(4), pages 633-651, April.
    11. Jinshan Zhu, 2014. "Assessing China's discriminative tax on Clean Development Mechanism projects. Does China's tax have so many functions?," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 57(3), pages 447-466, March.
    12. Seeberg-Elverfeldt, Christina & Schwarze, Stefan & Zeller, Manfred, 2008. "Could carbon payments be a solution to deforestation? Empirical evidence from Indonesia," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44182, European Association of Agricultural Economists.
    13. Christian Biener & Martin Eling & Jan Hendrik Wirfs, 2015. "Insurability of Cyber Risk: An Empirical Analysis†," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 40(1), pages 131-158, January.
    14. Karishma Ansaram & Paolo Mazza, 2022. "Dependence structure among carbon markets around the world: New evidence from GARCH-copula analysis," Working Papers 2022-ACF-03, IESEG School of Management.
    15. Dorothee Teichmann, 2010. "Public and private risk sharing in the financing of low- emitting urban infrastructure projects: The case of CDM projects in the waste sector," Working Papers 1002, Chaire Economie du climat.
    16. Roos, Joseph A. & Barber, Valerie & Brackley, Alan M., 2011. "Cap and Trade: Offsets and Implications for Alaska," USDA Miscellaneous 344932, United States Department of Agriculture.
    17. Soto Golcher, Cinthia & Arts, Bas & Visseren-Hamakers, Ingrid, 2018. "Seeing the forest, missing the field: Forests and agriculture in global climate change policy," Land Use Policy, Elsevier, vol. 77(C), pages 627-640.
    18. Stefan Schleicher & Claudia Kettner & Angela Köppl & Barbara Anzinger & Bernhard Cemper & Andreas Türk & Andreas Karner, 2011. "Analysis of Options to Move Beyond 20 Percent Greenhouse Gas Emission Reductions. Background and Evaluation of Impact Documents," WIFO Studies, WIFO, number 41607.
    19. Nan Jiang & Basil Sharp & Mingyue Sheng, 2009. "New Zealand's emissions trading scheme," New Zealand Economic Papers, Taylor & Francis Journals, vol. 43(1), pages 69-79.
    20. Le-Yin Zhang, 2011. "Is industrialization still a viable development strategy for developing countries under climate change?," Climate Policy, Taylor & Francis Journals, vol. 11(4), pages 1159-1176, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:gbusec:v:14:y:2012:i:1/2:p:5-29. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=168 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.