Environmental Shareholder Value

Year
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Expected no. of tonnes CO2 without investment
11,700
12,400
12,500
12,600
13,000
13,000
13,500
13,500
14,000
14,000
14,500
Expected savings with investment, measured in allowances (tonnes CO2)
-
-
-
1,100
1,100
1,100
1,250
1,250
1,250
1,250
1,250
Value of allowance fees saved (DKK '000)
0
0
0
328
328
328
931
931
931
931
931
Discount factor 8%
1.000
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present value of the allowance fee saved (DKK '000)
3,255
-
-
260
241
223
587
543
503
466
431

Table: Calculation of the present value of the allowance fee saved

 



Version 1.0 April 2005, © Danish Environmental Protection Agency