Voluntary Agreements and CO2 Reduction - An empirical Assessment of German Industries

Anton Parlow and Dennis Hövelmann

MPRA Paper from University Library of Munich, Germany

Abstract: Using data on 57 German industries we find that industries participating in voluntary agreements reduce their CO2-emissions up to 30% compared to industries not participating in voluntary agreements for the period 1995 to 2010. The success of these agreements can be explained by a credible threat of the regulatory agency to impose taxes.

Keywords: Voluntary Agreements; CO2-Emissions; Industries (search for similar items in EconPapers)
JEL-codes: Q50 (search for similar items in EconPapers)
Date: 2014-12-15
New Economics Papers: this item is included in nep-env and nep-eur
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:59972

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