全球智库信息集成服务系统(G2TT): DP16982 Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading Scheme

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP16982
	DP16982 Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading Scheme
	Mirabelle Muuls; Ralf Martin; Jonathan Colmer; Ulrich Wagner
发表日期	2022-01-31
出版年	2022
语种	英语
摘要	In theory, market-based regulatory instruments correct market failures at least cost. However, evidence on their efficacy remains scarce. Using administrative data, we estimate that the EU ETS – the world’s first and largest market-based climate policy – induced regulated firms to reduce carbon dioxide emissions by 8-12% compared to unregulated firms, a necessary condition for climate change mitigation. We find no evidence of outsourcing to unregulated firms or markets; instead firms made targeted investments, reducing the emissions intensity of production. These findings suggest that the EU ETS induced global emissions reductions, a necessary and sufficient condition for mitigating climate change.
主题	Industrial Organization ; Public Economics
URL	https://cepr.org/publications/dp16982
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/545927
推荐引用方式 GB/T 7714	Mirabelle Muuls,Ralf Martin,Jonathan Colmer,et al. DP16982 Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading Scheme. 2022.