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This paper provides new evidence on the determinants of environmental expenditure and investment. Also, by employing the Heckman selection models, we study how environmental expenditure and investment by Swedish industrial firms responded to the national and international policies directed to...
Persistent link: https://www.econbiz.de/10009645808
To the best of our knowledge, this study is one of the first to empirically analyse the trading behaviour of all ETS firms during the first phase of the EU’s Emissions Trading System. We use a unique dataset which allows investigating the importance of permit trading transaction costs, such as...
Persistent link: https://www.econbiz.de/10009651251
The EU farmers are subject to mandatory cross compliance measures requiring them to meet environmental conditions to be eligible for public support. These obligations reinforce incentives for the farmers to change their behaviour towards the environment. We apply quasi-experimental methods to...
Persistent link: https://www.econbiz.de/10009293536
In this paper we empirically compare the transaction costs from monitoring, reporting and verification (MRV) of two environmental regulations directed to cost-efficiently reduce greenhouse gas emissions: a carbon dioxide (CO2) tax and a tradable emissions system. We do this in the case of...
Persistent link: https://www.econbiz.de/10011191527
This study uses the EU public power generating sector as a case study to investigate the environmental efficiency and productivity enhancing performance of the EU ETS in its pilot phase. Using Data Envelopment Analysis methods, we measures the environmental efficiency and the productivity growth...
Persistent link: https://www.econbiz.de/10008854093
Persistent link: https://www.econbiz.de/10011038155
Using a cross-country firm-level dataset this study empirically analyses how the implemented renewable electricity promotion systems – Tradable Green Certificates vs. Feed-in-Tariffs – affected the profitability of the electricity production sector in Europe during the 2002–2010 period. In...
Persistent link: https://www.econbiz.de/10011039573
This study provides new evidence on the determinants of environmental <italic>expenditure</italic> and <italic>investment</italic>. 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)...
Persistent link: https://www.econbiz.de/10010975386
In this paper, we have surveyed the effects of European climate change policy on European economies and societies, and analyzed them empirically. The paper consists of four parts. Namely, 1) a survey of ex-ante studies and ex-post literatures on the cost assessments of European Union Emissions...
Persistent link: https://www.econbiz.de/10010938464
In this paper we empirically compare the transaction costs from monitoring, reporting and verification (MRV) of two environmental regulations directed to cost-efficiently reduce greenhouse gas emissions: a carbon dioxide (CO2) tax and a tradable emissions system. We do this in the case of...
Persistent link: https://www.econbiz.de/10011144118