The Impacts of the Climate Change Levy on Manufacturing: Evidence from Microdata

Ralf Martin, Laure de Preux and Ulrich Wagner

No 17446, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We estimate the impacts of the Climate Change Levy (CCL) on manufacturing plants using panel data from the UK production census. Our identification strategy builds on the comparison of outcomes between plants subject to the CCL and plants that were granted an 80% discount on the levy after joining a Climate Change Agreement (CCA). Exploiting exogenous variation in eligibility for CCA participation, we find that the CCL had a strong negative impact on energy intensity and electricity use. We cannot reject the hypothesis that the tax had no detrimental effects on economic performance and on plant exit.

JEL-codes: D21 Q41 Q48 Q54 (search for similar items in EconPapers)
Date: 2011-09
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (14)

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