The KfW/ZEW CO2 Barometer is a cooperative project of KfW Bankengruppe and the Centre for European Economic Research (ZEW). It has been analysing the situation of German Companies regulated under the European Union Emissions Trading Scheme (EU ETS) on an annual basis since 2009. German firms regulated under the EU ETS are invited annually to participate in the survey. This year about 120 companies have participated in the survey. The KfW/ZEW CO2 Barometer 2015 – Carbon Edition is structured as follows: A review of the recent market developments is given in Section 2. The development of CO2 emissions in the EU and especially in Germany is described in Section 3. Section 4 analyses the impact of climate policy regulations on the competitiveness of regulated companies. Section 5 describes the companies’ trading behaviour in the EU ETS. Price expectations are analysed in Section 6 and carbon abatement measures in Section 7. Finally, Section 8 offers a conclusion.




Gallier, Carlo
Heindl, Peter
Osberghaus, Daniel
Brockmann, Karl Ludwig
Dieckhöner, Caroline


CO2 Barometer; Emissions Trading; EU ETS