Calel, Raphael; Dechezlepretre, Antoine - Chaire d'Économie du Climat, Université … - 2012
This paper investigates the impact of the EU Emission Trading Scheme (EU ETS) on technological change. We exploit installations-level inclusion criteria to estimate the impact of the EU ETS on firms patenting. We find that the EU ETS has increased low-carbon innovation among regulated firms by...