Name: RAFAEL ABREU TOMAZINI
Publication date: 04/05/2023
Advisor:
Name |
Role |
|---|---|
| ALVIM BORGES DA SILVA FILHO | Advisor * |
Examining board:
| Name |
Role |
|---|---|
| ALVIM BORGES DA SILVA FILHO | Advisor * |
| EDNILSON SILVA FELIPE | Internal Examiner * |
Summary: Global warming as a process resulting from greenhouse gases (GHG) from industry, agriculture
or transport, has continued to intensify since the industrial revolution in the second half of the
18th century. Greenhouse gas (GHG) and pollution in general are considered externalities, that
is, they are side effects of a decision on those who did not participate in it, so a means is needed
for them to be compensated accordingly. This being the main objective of regulations, because
without any type of control or regulation, companies have no incentive to deal with their
externalities. One of the ways to get around this problem is through carbon pricing with the
objective of transforming carbon into a tradable asset aiming at an economically viable
transition to a low carbon economy. However, when pricing a component of the process that
previously had no financial value, economic impacts on the entities subject to this pricing are
to be expected. The target audience of this research are the companies participating in
RenovaBio, a program that aims to stimulate an increase in the consumption of biofuels and,
consequently, the reduction of fuels with higher emission of greenhouse gases (GHG). So with
this project we seek to answer through a structural equations modeling (SEM) which are the
effects of adoption of an Emissions Trading System (ETS) for companies, and for a low carbon
economy. With the results obtained, it can be observed that an Emissions Trading System (ETS)
and the consequent carbon pricing can contribute and lead the country to a low-carbon
economy, creating an economic incentive and boosting the development of new technologies
to reduce their emissions, and thus promoting innovations and having effects on the
competitiveness of companies through the adjustments of their behaviors.
