How should we measure environmental policy stringency? A new approach

Caspar Sauter

No 14-01, IRENE Working Papers from IRENE Institute of Economic Research

Abstract: One of the biggest obstacles in cross-country empirical research in the area of environmental economics is the absence of a sound indicator quantifying environmental policy stringency. A variety of indicators have been proposed and are currently used. Almost none of them rely on an explicitly stated methodology, violating thereby one of the most fundamental rules of index construction. To overcome this problem, this paper develops a new general methodology for the measurement of environmental policy stringency and proposes a first implementation using the example of CO2 policy stringency. To do so it combines originally extensive databases on CO2 emissions.

Keywords: Greenhouse gas emissions; environmental regulation; environmental policy stringency; policy stringency index; CO2 emissions (search for similar items in EconPapers)
JEL-codes: C18 Q50 Q53 Q58 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2014-07
New Economics Papers: this item is included in nep-ene, nep-env and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:irn:wpaper:14-01

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