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Did the EU ETS Make a Difference?: An Empirical Assessment Using Lithuanian Firm-Level Data
Umeå University, Faculty of Social Sciences, Center for Environmental and Resource Economics (CERE). Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2016 (English)In: Energy Journal, ISSN 0195-6574, E-ISSN 1944-9089, Vol. 37, no 1, 1-23 p.Article in journal (Refereed) Published
Abstract [en]

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 C02 emissions, C02 in­tensity, investment behaviour and profitability of participating firms. Our results show that ETS participation did not lead to a reduction in C02 emissions, while we identify a slight improvement in C02 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.

Place, publisher, year, edition, pages
2016. Vol. 37, no 1, 1-23 p.
Keyword [en]
Cap and trade, C02 emissions, EU emissions trading system, Ex-post evaluation, Firm competitiveness. Investment, Matching, Panel data, Profits
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-104610DOI: 10.5547/01956574.37.2.jjarISI: 000367634800001OAI: oai:DiVA.org:umu-104610DiVA: diva2:820411
Available from: 2015-06-12 Created: 2015-06-12 Last updated: 2017-12-04Bibliographically approved

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Jaraite, Jurate

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  • de-DE
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  • Other locale
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  • asciidoc
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