Why the EU ETS needs reforming: an empirical analysis of the impact on company investments
Why the EU ETS needs reforming: an empirical analysis of the impact on company investments
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DOI：
10.1080/14693062.2014.864800
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发表时间：
2014-09
期刊：
影响因子：
7.1
通讯作者：
Åsa Löfgren;Markus Wråke;T. Hagberg;Susann Roth
中科院分区：
文献类型：
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作者：
Åsa Löfgren;Markus Wråke;T. Hagberg;Susann Roth
欧盟的排放交易体系（EU ETS）是迄今为止世界上最大的排放交易体系。一个严格的事后实证分析的计划。该计划对公司的碳减排技术的投资决策的影响进行了分析，使用详细的公司层面的数据，从瑞典工业。基于差异中的差异估计以及前后差异估计，结果显示，欧盟排放交易体系并没有对企业投资碳减排技术的决策产生重大影响。然而，尽管欧盟排放交易体系似乎对投资没有直接影响，但现在就放弃这一体系还为时过早。考虑如何欧盟排放交易计划可以实现其潜力，成为欧盟气候和能源政策组合的有效工具。
The European Union's Emissions Trading Scheme (EU ETS) is so far the largest emissions trading system in the world. A rigorous ex post empirical analysis of the scheme is presented. The effect of the scheme on firms' investment decisions in carbon-reducing technologies is analysed by using detailed firm-level data from Swedish industry. Based on difference-in-difference estimation as well as a before–after difference estimation, the results reveal that the EU ETS has not had a significant effect on firms’ decisions to invest in carbon-mitigating technologies. However, although the EU ETS appears to have no direct effect on investments, it is too early to dismiss the system. Consideration is given to how the EU ETS can realize its potential to become an effective tool in the EU climate and energy policy portfolio.