Bansal, Sangeeta; Filippini, Massimo; Srinivasan, Suchita - 2023 - Last revision: January 27, 2023
This paper evaluates the impact of a policy that was implemented to reduce the energy intensity of firms in some … change compared to control plants. To explain this finding, we verify that treated plants attempted to meet the energy …-intensity mandate not by reducing their energy consumption, but instead by increasing their output. Our results suggest that energy …