Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market
Raphael Calel and
Antoine Dechezleprêtre
CEP Discussion Papers from Centre for Economic Performance, LSE
Abstract:
This paper investigates the impact of the EU Emissions Trading Scheme (EU ETS) on technological change. We exploit installations-level inclusion criteria to estimate the impact of the EU ETS on firms patenting. We find that the EU ETS has increased low-carbon innovation among regulated firms by as much as 10%, while not crowding out patenting for other technologies. We also find evidence that the EU ETS has not impacted patenting beyond the set of regulated companies. These results imply that the EU ETS accounts for nearly a 1% increase in European lowcarbon patenting compared to a counterfactual scenario.
Keywords: Directed technological change; EU Emissions Trading Scheme; policy evaluation (search for similar items in EconPapers)
JEL-codes: C14 O3 Q55 Q58 (search for similar items in EconPapers)
Date: 2012-04
New Economics Papers: this item is included in nep-ene, nep-env and nep-eur
References: Add references at CitEc
Citations: View citations in EconPapers (51)
Downloads: (external link)
https://cep.lse.ac.uk/pubs/download/dp1141.pdf (application/pdf)
Related works:
Journal Article: Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market (2016)
Working Paper: Environmental policy and directed technological change: evidence from the European carbon market (2016)
Working Paper: Environmental policy and directed technological change: evidence from the European carbon market (2013)
Working Paper: Environmental Policy and Directed Technological Change: Evidence from the European carbon market (2012)
Working Paper: Environmental Policy and Directed Technological Change: Evidence from the European carbon market (2012)
Working Paper: Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market (2012)
Working Paper: Environmental policy and directed technological change: evidence from the European carbon maket (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1141
Access Statistics for this paper
More papers in CEP Discussion Papers from Centre for Economic Performance, LSE
Bibliographic data for series maintained by (cep.info@lse.ac.uk).