prikaz prve stranice dokumenta GREENHOUSE GAS EMISSIONS AND GUIDELINES FOR CHANGES IN ENVIRONMENTAL GOVERNANCE OF EUROPEAN UNION COMPANIES
  Download
PDF 4.35 MB
doctoral thesis
GREENHOUSE GAS EMISSIONS AND GUIDELINES FOR CHANGES IN ENVIRONMENTAL GOVERNANCE OF EUROPEAN UNION COMPANIES
DOCTORAL THESIS
2023. urn:nbn:hr:145:688421
Turjak, Sofija
Josip Juraj Strossmayer University of Osijek
Faculty of Economics and Business in Osijek

Cite this document

Turjak, S. (2023). GREENHOUSE GAS EMISSIONS AND GUIDELINES FOR CHANGES IN ENVIRONMENTAL GOVERNANCE OF EUROPEAN UNION COMPANIES : DOCTORAL THESIS (Doctoral thesis). Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek. Retrieved from https://urn.nsk.hr/urn:nbn:hr:145:688421

Turjak, Sofija. "GREENHOUSE GAS EMISSIONS AND GUIDELINES FOR CHANGES IN ENVIRONMENTAL GOVERNANCE OF EUROPEAN UNION COMPANIES : DOCTORAL THESIS." Doctoral thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, 2023. https://urn.nsk.hr/urn:nbn:hr:145:688421

Turjak, Sofija. "GREENHOUSE GAS EMISSIONS AND GUIDELINES FOR CHANGES IN ENVIRONMENTAL GOVERNANCE OF EUROPEAN UNION COMPANIES : DOCTORAL THESIS." Doctoral thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, 2023. https://urn.nsk.hr/urn:nbn:hr:145:688421

Turjak, S. (2023). 'GREENHOUSE GAS EMISSIONS AND GUIDELINES FOR CHANGES IN ENVIRONMENTAL GOVERNANCE OF EUROPEAN UNION COMPANIES : DOCTORAL THESIS', Doctoral thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, accessed 03 April 2025, https://urn.nsk.hr/urn:nbn:hr:145:688421

Turjak S. GREENHOUSE GAS EMISSIONS AND GUIDELINES FOR CHANGES IN ENVIRONMENTAL GOVERNANCE OF EUROPEAN UNION COMPANIES : DOCTORAL THESIS [Doctoral thesis]. Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek; 2023 [cited 2025 April 03] Available at: https://urn.nsk.hr/urn:nbn:hr:145:688421

S. Turjak, "GREENHOUSE GAS EMISSIONS AND GUIDELINES FOR CHANGES IN ENVIRONMENTAL GOVERNANCE OF EUROPEAN UNION COMPANIES : DOCTORAL THESIS", Doctoral thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, Osijek, 2023. Available at: https://urn.nsk.hr/urn:nbn:hr:145:688421

Please login to the repository to save this object to your list.
Metadata
TitleGREENHOUSE GAS EMISSIONS AND GUIDELINES FOR CHANGES IN ENVIRONMENTAL GOVERNANCE OF EUROPEAN UNION COMPANIES : DOCTORAL THESIS
Title (croatian)STAKLENIČKI PLINOVI I SMJERNICE ZA PROMJENAMA U UPRAVLJANJU OKOLIŠEM PODUZEĆA EUROPSKE UNIJE : DOKTORSKI RAD
AuthorSofija Turjak
MentorIvan Kristek (mentor)
Committee memberSanja Pfeifer (predsjednik povjerenstva)
Committee memberNataša Šarlija (član povjerenstva)
Committee memberŽeljko Tomšić (član povjerenstva)
GranterJosip Juraj Strossmayer University of Osijek
Faculty of Economics and Business in Osijek
Osijek
Defense date and country2023-06-12, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Microeconomics
Universal decimal classification
(UDC)		330 - Economics. Economic science
Abstract
Climate change has been widely discussed, mainly due to its harmful effects on nature, life quality and business decisions. The European Commission unveiled The Green Deal in 2019; it represents a package of policy initiatives that aim to help Europe toward a green transition, eventually reaching the goal of climate neutrality by 2050. The shift to a low-carbon economy is both an excellent business opportunity and a substantial challenge. Commercialising low-carbon solutions, such as clean... More energy technologies, is seen as a chance to further accelerate a significantly rising market and aid in the change of the global energy system. However, this change presents a substantial challenge due to the high cost of economies dependent on a fossil fuel energy infrastructure transitioning toward a low-carbon economy. The relationship between public and private sectors, and the potential for businesses to work internationally, are key to a successful transformation, which demands close coordination between policy, technology, and finance. The task, from a financial perspective, is to evaluate the ever-changing market efficiency of the European Union Emission Trading System (EU ETS) and the environmental, social, and corporate governance (ESG) of enterprises in the European Union. To that end, carbon markets have been rapidly evolving and attracting significant attention from politicians and investors. The United Nations (UN) has also acknowledged climate change as an issue, including greenhouse gas emission reductions in its Agenda for Sustainable Development, which is built on 17 Sustainable Development Goals (SDGs). As a result, a growing number of businesses are instituting policies for environmentally responsible growth and releasing annual ESG reports. The author analysed the EU ETS market efficiency, the UN SDGs indicators that measure GHG emissions among countries, and the businesses’ ESG reports. The data analyses consist of methods for market efficiency, the Kruskal-Wallis test and fixed effects panel regression. The results showed that EU ETS has been partially market efficient in Phase III compared to Phase II, which was market inefficient. Moreover, there are no differences between the Member States and their GHG emissions. The environmental innovation and resource use showed a positive effect on the environmental ratings of EU companies. Based on the conducted results, the author emphasises that companies should change their environmental governance to improve their transition toward a low-carbon economy. In addition, the author proposes recommendations for further research at three levels for businesses, policymakers and agencies that provide ESG data. Less
Abstract (croatian)
O klimatskim promjenama naširoko se raspravlja, uglavnom zbog štetnih učinaka koje imaju na prirodu, kvalitetu života i poslovne odluke. Europska komisija predstavila je Europski zeleni plan 2019. godine koji predstavlja paket političkih inicijativa koje imaju za cilj pomoći Europi prema zelenoj tranziciji, konačnom postizanju cilja klimatske neutralnosti do 2050. Prijelaz na niskougljičnu ekonomiju izvrsna je prilika i značajan izazov. Komercijalizacija rješenja s niskim udjelom ugljika,... More kao što su tehnologije čiste energije, smatra se šansom za daljnje ubrzanje značajno rastućeg tržišta i pomoć u promjeni globalnog energetskog sustava. Međutim, ova promjena predstavlja znatan izazov zbog visokih troškova gospodarstava ovisnih o energetskoj infrastrukturi fosilnih goriva koja prelaze na niskougljičnu ekonomiju. Odnos između javnog i privatnog sektora i potencijal za poslovanje poduzeća na međunarodnoj razini ključni su za uspješnu transformaciju, koja zahtijeva blisku koordinaciju između politike, tehnologije i financija. Zadatak je, iz financijske perspektive, procijeniti stalno promjenjivu tržišnu učinkovitost Europskog sustava za trgovanje Sustava Europske unije za trgovanje emisijama (EU ETS) i ekološko, društveno i korporativno upravljanje (ESG) poduzeća u Europskoj uniji. U tu svrhu, tržišta ugljika brzo se razvijaju i privlače značajnu pozornost političara i investitora. UN je također priznao klimatske promjene kao problem, uključujući smanjenje emisije stakleničkih plinova u svojoj Agendi za održivi razvoj, koja se temelji na 17 ciljeva održivog razvoja (SDG). Kao rezultat toga, sve veći broj poduzeća uvodi politike za ekološki odgovoran rast i objavljuje godišnja ESG izvješća. Autorica je analizirala tržišnu učinkovitost EU ETS-a , pokazatelje UN-ovih ciljeva održivog razvoja koji mjere emisije stakleničkih plinova među državama te ESG izvješća poduzeća. Analiza podataka sastoji se od metoda procjene tržišne učinkovitosti, Kruskal-Wallisovog testa te panel regresijske analize s fiksnim efektima. Rezultati su pokazali kako je EU ETS djelomično tržišno učinkovit tijekom trećeg razdoblja u donosu na drugo razdoblje u kojem je bio tržišno neučinkovit. Također, rezultat si pokazali kako ne postoje razlike između država članica EU i njihovih emisija stakleničkih plinova. Ekološke inovacije i korištenje resursa pozitivno utječu na ekološku ocjenu poduzeća. Autorica je dala preporuke za daljnja istraživanja na tri razine za tvrtke, kreatore politika i agencije koje prikupljaju ESG podatke. Također, na temelju provedenih rezultata autorica naglašava što bi tvrtke trebale promijeniti u svom upravljanju okolišem kako bi poboljšale tranziciju prema niskougljičnoj ekonomiji. Less
Keywords
Keywords (croatian)
Languageenglish
URN:NBNurn:nbn:hr:145:688421
Promotion2023
Study programmeTitle: Obtaining a doctorate of science outside of doctoral studies
Study programme type: university
Study level: postgraduate
Academic / professional title: doktor/doktorica znanosti (doktor/doktorica znanosti)
Type of resourceText
File originBorn digital
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2023-07-03 12:34:32
accessibility

closeAccessibilityrefresh

If you wish to permanently save changes, click on Save, if not - your settings will be reset when you restart the browser.