Colmer, Jonathan; Martin, Ralf; Muûls, Mirabelle; … - 2023
efficacy remains scarce. Using administrative data, we estimate that, on average, the EU ETS – the world’s first and largest … made targeted investments, reducing the emissions intensity of production. These results indicate that the EU ETS induced … market-based climate policy – induced regulated manufacturing firms to reduce carbon dioxide emissions by 14-16% with no …