Again on the Impact of R&amp;D Spillovers at Firm Level in Italy

Aiello, Marco; Cardamone,

doi:10.2307/27650050

Cited by 1 publication

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“…They find no statistically significant link between the price of CO 2 and CO 2 emissions, and conclude that it is unlikely that there are significant volumes of low-cost CO 2 abatement possibilities with short response times in the Swedish electricity sector. Finally, Abrell, Faye, and Zachmann (2011), use CITL data to test whether the EU ETS induced acceleration in emissions reductions, and find some evidence to the positive. In the current paper, for the first time we are able to look at abatement at the firm level, thanks to the unique characteristics of our dataset.…”

Section: Introductionmentioning

confidence: 99%

Did the EU ETS Make a Difference? An Empirical Assessment Using Lithuanian Firm-Level Data

Jaraitė

Maria²

2016

The Energy Journal

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Abstract. We use a panel dataset of about 5,000 Lithuanian firms between 2003 and 2010, to assess the impact of the EU ETS on the environmental and economic performance of participating firms. Using a matching methodology, we are able to estimate the causal impact of EU ETS participation on CO 2 emissions, CO 2 intensity, investment behaviour and profitability of participating firms. Our results show that ETS participation did not lead to a reduction in CO 2 emissions, while we identify a slight improvement in CO 2 intensity. ETS participants are shown to have retired part of their less efficient capital stock, and to have made modest additional investments from 2010. We also show that the EU ETS did not represent a drag on the profitability of participating firms.

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Section: Introductionmentioning

confidence: 99%