Environmental markets and the dynamics of pollution haven

John King

Journal of Economics and Econometrics, 2020, vol. 63, issue 3, 45-67

Abstract: This paper studies the dynamics of pollution haven in response to shocks to environmental markets. We use transaction-level data from EU offset markets that provide facility-level information on the seller and buyer of offset transactions. We find little association of offset prices or offset-induced movements in pollution with the stringency of environmental regulations. Our results suggest that the analysed offset markets do not substantially increase or decrease the equity of environmental outcomes.

Keywords: Environmental markets; pollution haven (search for similar items in EconPapers)
JEL-codes: H22 Q50 Q52 Q53 (search for similar items in EconPapers)
Date: 2020
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