Testing for Causality between Climate Policies and Carbon Emissions Reduction

Bertrand Candelon and Jean-Baptiste Hasse

No 2022005, LIDAM Discussion Papers LFIN from Université catholique de Louvain, Louvain Finance (LFIN)

Abstract: In this paper, we evaluate the causal effects of climate policies on carbon emissions reductions. Using Sweden as a case study, we compare the effects of the domestic carbon tax and the Kyoto Protocol over the period 1965–2018. A simulation exercise shows that the test for causality in the frequency domain offers policy-makers a useful tool for evaluating the effect of public policies. The empirical results indicate a significant causal effect of the carbon tax policy on carbon intensity dynamics in the long run.

Keywords: Granger causality; Spectral analysis; Climate policy; Carbon tax (search for similar items in EconPapers)
Pages: 15
Date: 2022-06-28
New Economics Papers: this item is included in nep-ene and nep-env
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Related works:
Journal Article: Testing for causality between climate policies and carbon emissions reduction (2023)
Working Paper: Testing for Causality between Climate Policies and Carbon Emissions Reduction (2023)
Working Paper: Testing for causality between climate policies and carbon emissions reduction (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:ajf:louvlf:2022005

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