Key Issues


• In the absence of effective global and regional measures, several firms see a significant risk of higher national carbon taxes. But while the prospect of higher taxes may broadly encourage energy and fuel efficiency, some firms say that uncertainty in this area – due in part to the unpredictability of national policy-making – is holding back some of the investments needed to enable a low-carbon economy.


Figure 13 illustrates the coverage of emissions trading schemes in the Nordic 260. The EU ETS accounts for the vast majority of this, and as Table 1 shows, in most cases it has not yet had a material impact on the bottom line, at least not directly. Most firms continued to receive more than enough free allowances in 2010, and at an average of €13.99 per metric tonne,6


the price of CO2e was affordable for those that did need to purchase additional allowances.


Figure 13: Do you participate in any emission trading schemes?


Consumer Discretionary 0% 0%


Financials 5% 5%


Consumer Staples 11% 0%


Health Care 11% 0%


Telecommunications & IT 15% 0%


Industrials 9%


Transportation 22%


Energy & Utilities 8%


Materials 5%


11% 33% 79% 23%


‘Slow progress by the International Maritime Organization (IMO) could encourage unilateral and non-harmonised responses from some or several jurisdictions.’


Teekay Petrojarl


‘The Viasat set-top boxes (STBs) now have two standby functions, “normal” and “deep” standby, and an automatic standby function was introduced on all boxes last year. All this is done to decrease our and the customers’ environmental impact and to ensure we are well positioned ahead of any future regulations on STB energy efficiency.’


Modern Times Group 0 Yes No, but we anticipate doing so in the next 2 years 20 40 60 80 100


6. Source: Point Carbon 21


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