THE IMPACTS OF THE EU ETS ON NORWEGIAN PLANTS’ ENVIRONMENTAL AND ECONOMIC PERFORMANCE
Marit Klemetsen,
Knut Einar Rosendahl and
Anja Lund Jakobsen (anja.l.jakobsen@gmail.com)
Additional contact information
Marit Klemetsen: CICERO Center for International Climate Research, Norway2Statistics Norway, Norway
Anja Lund Jakobsen: Norwegian University of Life Sciences, Norway
Climate Change Economics (CCE), 2020, vol. 11, issue 01, 1-32
Abstract:
This paper examines the impacts of the EU Emissions Trading System (ETS) on the environmental and economic performance of Norwegian plants. The ETS is regarded as the cornerstone climate policy in the EU and Norway, but there has been considerable debate regarding its effects due to low quota prices and substantial allocation of free allowances. The rich data allow us to investigate potential effects of the ETS on several important aspects of plant behavior. The results indicate a weak tendency of emissions reductions among Norwegian plants in the second phase of the ETS, but not in the other phases. We find no significant effects on emissions intensity in any of the phases, but positive effects on value added and productivity in the second phase. These positive effects may be due to the large amounts of free allowances, and that plants may have passed on additional marginal costs to consumers.
Keywords: Tradable emissions quotas; emissions intensity; productivity; propensity score matching; difference-in-differences (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (21)
Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S2010007820500062
Access to full text is restricted to subscribers
Related works:
Working Paper: The impacts of the EU ETS on Norwegian plants' environmental and economic performance (2016) ![Downloads](/downloads_econpapers.gif)
Working Paper: The impacts of the EU ETS on Norwegian plants' environmental and economic performance (2016) ![Downloads](/downloads_econpapers.gif)
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:wsi:ccexxx:v:11:y:2020:i:01:n:s2010007820500062
Ordering information: This journal article can be ordered from
sales@wspc.com.sg
DOI: 10.1142/S2010007820500062
Access Statistics for this article
Climate Change Economics (CCE) is currently edited by Robert Mendelsohn
More articles in Climate Change Economics (CCE) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim (tltai@wspc.com.sg).