Search results for "Missions"
showing 10 items of 380 documents
Unwanted effects of European Union environmental policy to promote a post-carbon industry. The case of energy in the European ceramic tile sector
2016
Global warming combined with low carbon transition plans is threatening the future of high energy consumption industry sectors in the European Union (EU). The need to respond to environmental challenges is demonstrated by support for international level energy policies and legal requirements, such as the Kyoto Protocol which the EU supports, and increased EU-level environmental legislation and energy policies. The effect of these initiatives is gradually transforming industrial activities in the EU. However, since not all countries have adopted these policies, evaluation of their net effect needs to take account also of side-effects such as delocalization of industry activity and the legal …
The timeline of trading frictions in the European carbon market
2012
We evaluate the quality of prices of EU-ETS, the most active European derivative market for greenhouse gas emissions allowances (EUAs). So far, this market has had two phases, a trial phase (from 2005 to 2007) and a commitment phase (from 2008 to 2012). The true value of a trial-phase EUA at the beginning of 2008 was inevitably zero because it could not be used in the commitment phase to cover emission targets. However, continued rumors of over-allocation of EUAs led to an early collapse of the market by May 2007. We study whether this market breakdown and the subsequent outbreak of the international financial crisis had a persistent effect on the quality of the commitment phase. We provide…
Balance sheet versus earnings conservatism in Europe
2004
In this study we extend prior research on the international analysis of accounting conservatism (Joos and Lang, 1994; Ball et al., 2000; Giner and Rees, 2001), by examining the level of accounting conservatism across eight European countries (United Kingdom, Germany, France, Switzerland, the Netherlands, Italy, Spain and Belgium), and assessing the statistical significance of the differences among them. The definitions of conservatism that we use are, on the one hand, the Feltham and Ohlson (1995) definition, which implies a persistent understatement of book value of shareholders' equity (balance sheet conservatism). On the other hand, we use the one proposed by Basu (1997), that is, a time…
Why Finnish polytechnics reject top applicants
2019
I use a panel of higher education clearinghouse data to study the centralized assignment of applicants to Finnish polytechnics. Many top applicants remain completely unassigned each year. The same applicants' future applications reveal that many of them should have been admitted to a different program immediately. The application system, however, discourages applicants from applying to multiple programs within the same year, while at the same time leaving them in the dark on the set of programs willing to admit them. Improvements to the application system have the potential to substantially reduce reapplications, thereby shortening long queues into Finnish higher education. peerReviewed
Determinants of COVID-19 Vaccine Rollouts and Their Effects on Health Outcomes
2022
Background Vaccination against the coronavirus disease (SARS-CoV-2) is understood to be the key way out of the COVID-19 pandemic. Limited evidence exists on the determinants of vaccine rollouts and their health effects at the country level. Objective Examine the determinants of COVID-19 vaccine rollouts and their effects on health outcomes. Methods Ordinary least squares regressions with standard errors clustered at the country level for Cross-section and Panel daily data of vaccinations and various health outcomes (new COVID-19 cases, fatalities, intensive care unit (ICU) admissions) for an unbalanced sample of about 200 countries during the period 16 December 2020 to 20 June 2021. Results…
Changes in determinants of the interest margin in today’s economy
2019
This study examined the interest margin following the significant drop in its contribution to credit institutions’ total income. Balance sheet variables, income statement and annual report variables, and external variables were studied separately. Variables that had not previously been studied in the literature were considered, and determinants that had already been studied were revisited after the reduction in the interest margin. The diversification of investment in associated companies and investment in fixed and variable income are causes of this decrease in the interest margin. Higher fees and commissions offset this decrease. Greater size and market power have reduced the interest mar…
Two alternate means to internalize companies' CO2 emissions: Carbon Value Added and Profitability
2022
Eiropas Savienības CO2 emisijas kvotu tirdzniecības sistēma un Latvijas tautsaimniecības ilgtspējīga attīstība
2013
ANOTĀCIJA Promocijas darba mērķis ir, balstoties uz datiem par Eiropas Savienības Emisijas kvotu tirdzniecības sistēmas (ES ETS) darbību Latvijā un ES ETS integrētību Latvijas tautsaimniecības politikā, mikro un makro līmenī izpētīt ES ETS līdzšinējo ietekmi uz Latvijas tautsaimniecības ilgtspējīgu attīstību. Pētījuma ietvaros autore izstrādājusi modeli lēmuma pieņemšanai par tiešo dalību atļauju tirdzniecībā, formulējusi stratēģijas tiešajai dalībai atļauju tirdzniecībā, izvērtējusi ES ETS integrētību Latvijas tautsaimniecības ilgtspējīgas attīstības politikā, novērtējusi ES ETS ietekmi uz Latvijas ES ETS dalībniekiem, izanalizējusi Latvijas ES ETS dalībnieku zināšanas un izpratni par ES E…
Energy management strategy to reduce pollutant emissions during the catalyst light-off of parallel hybrid vehicles
2020
Abstract The transportation sector is a major contributor to both air pollution and greenhouse gas emissions. Hybrid electric vehicles can reduce fuel consumption and CO2 emissions by optimizing the energy management of the powertrain. The purpose of this study is to examine the trade-off between regulated pollutant emissions and hybrid powertrain efficiency. The thermal dynamics of the three-way catalyst are taken into account in order to optimize the light-off. Experimental campaigns are conducted on a spark-ignition engine to introduce simplified models for emissions, exhaust gas temperature, catalyst heat transfers and efficiency. These models are used to determine the optimal distribut…