The effects of climate policy on environmental expenditure and investments: evidence from Sweden
2014 (English)In: Journal of Environmental Economics and Policy, ISSN 2160-6544, E-ISSN 2160-6552, Vol. 3, no 2, 148-166 p.Article in journal (Refereed) Published
This study provides new evidence on the determinants of environmental expenditure and investment. In particular, it investigates how environmental expenditure and investment of Swedish industrial firms responded to climate policies, such as the European Union's Emission Trading System (EU ETS) and the Swedish CO2 tax, directed to mitigate air pollution. Overall, an important conclusion of this analysis is that climate policies, both on the national and international levels, were highly relevant motivations for firm environmental expenditure. However, the findings do not support the expectations that the EU ETS and the Swedish CO2 tax encouraged investment in air pollution abatement.
Place, publisher, year, edition, pages
Taylor & Francis, 2014. Vol. 3, no 2, 148-166 p.
climate policy, CO2 tax, environmental expenditure and investment, EU ETS, firm-level data, Sweden
IdentifiersURN: urn:nbn:se:umu:diva-88440DOI: 10.1080/21606544.2013.875948OAI: oai:DiVA.org:umu-88440DiVA: diva2:715694