"Green regulation": a quantification of regulations related to renewable energies and climate change in Spain and France

Juan Mora-Sanguinetti and Andr s Atienza-Maeso

Working papers from Banque de France

Abstract: The achievement of an environmentally sustainable growth model is a fundamental issue in economic analysis and is a substantial part of the public debate. However, a different question is at what pace this concern has been translated into regulation, fostering or hindering the development of new markets or green technologies. This paper proposes a rigorous empirical study identifying and quantifying, through text analysis, all regulations related to four different subject blocks associated with green growth and climate change (renewable energies, sustainable transportation, pollution and energy efficiency) over the period 2000-2022 for Spain (at the national and regional levels) and France. This research thus constructs a database in panel data format. The results show that regulation is diverse by subject matter, reflects significant regional diversity and has increased over time, especially in more recent years. From the comparison of French and Spanish regulations on renewable energy matters, it can be concluded that Spain shows a greater volume (and a greater regional disaggregation) in its regulation. This database could help develop future research projects on the impacts of green regulation on certain economic or institutional variables (such as green innovation or environmental conflicts).

Keywords: Energy Efficiency; Renewable Energies; Sustainable Transport; Pollution; Regulation; Regulatory Complexity; Text Mining (search for similar items in EconPapers)
JEL-codes: K32 O13 O44 Q5 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2023
New Economics Papers: this item is included in nep-ene, nep-env, nep-eur, nep-ppm and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:937

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