Searching for Correlations Between CO2 Emissions and Selected Economic Parameters

Anotace: The Emission Trading Scheme is one of the economic instruments of environmental policy and it is used to achieve the goals of reducing greenhouse gas emissions. The Emission Trading Scheme is a common instrument of the European Union, which is mandatory for all member countries. The aim of this paper is to assess the effectiveness of the greenhouse gas emissions trading system in the Czech Republic as one of the important instruments of environmental policy. The presented research model shows that greenhouse gas emissions were only minimally affected by the GDP index level and movement in the monitored time period. The model also shows that the most significant impact on the amount of greenhouse gas production in the given time period was the consumption of renewable energy and the consumption of fossil fuels. By contrast, the price of emission allowances on the market had a minimal effect on the production of greenhouse gases.