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Benefits and costs of the ETS in the EU, a lesson learned for the CBAM design
Böning, Justus; Di Nino, Virginia; Folger, Till - 2023
The EU is revising its emissions trading system (ETS) and plans to impose a carbon border adjustment mechanism (CBAM … contributed to cut greenhouse gas (GHG) emissions in the EU by 2-2.5 percentage points per year; pricier emissions and more … stringent caps accelerated the EU greening process. However, some carbon leakages occurred as declining emissions in regulated …
Persistent link: https://www.econbiz.de/10013490761
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Why Europe has become environmentally cleaner : decomposing the roles of fiscal, trade and environmental policies
López, Ramón; Palacios, Amparo - 2011
Persistent link: https://www.econbiz.de/10009310102
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The unilateral implementation of a sustainable growth path with directed technical change
Van den Bijgaart, I. M. - In: European economic review : EER 91 (2017), pp. 305-327
Persistent link: https://www.econbiz.de/10011788603
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Delegating climate policy to a supranational authority : a theoretical assessment
Pichler, Paul; Sorger, Gerhard - In: European economic review : EER 101 (2018), pp. 418-440
Persistent link: https://www.econbiz.de/10011975411
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The impact of environmental regulation on clean innovation : are there crowding out effects?
Benatti, Nicola; Groiss, Martin; Kelly, Petra; … - 2024
We examine the extent to which environmental regulation affects innovation and which policy types provide the strongest incentives to innovate. Using a local projection framework, we estimate the regulatory impact on patenting activity over a five-year horizon. As a proxy for environmental...
Persistent link: https://www.econbiz.de/10014558850
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Environmental regulation and productivity growth in the euro area : testing the Porter hypothesis
Benatti, Nicola; Groiss, Martin; Kelly, Petra; … - 2023
This paper analyses the impact of changes in environmental regulations on productivity growth at country- and firm-level. We exploit several data sources and the environmental policy stringency index, to evaluate the Porter hypothesis, according to which firms' productivity can benefit from more...
Persistent link: https://www.econbiz.de/10014315280
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Green technology policies versus carbon pricing : an intergenerational perspective
Rausch, Sebastian; Yonezawa, Hidemichi - In: European economic review : EER 154 (2023), pp. 1-26
Persistent link: https://www.econbiz.de/10014438355
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The interplay between green policy, electricity prices, financial constraints and jobs : firm-level evidence
Bijnens, Gert; Hutchinson, John; Konings, Jozef; … - 2021
Increased investment in clean electricity generation or the introduction of a carbon tax will most likely lead to higher electricity prices. We examine the effect from changing electricity prices on manufacturing employment. Analyzing firm-level data, we find that rising electricity prices lead...
Persistent link: https://www.econbiz.de/10012499645
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Whatever it takes to save the planet? : central banks and unconventional green policy
Ferrari, Alessandro; Landi, Valerio Nispi - 2020
We study the effects of a temporary Green QE, defined as a policy that temporarily tilts the central bank's balance sheet toward green bonds, i.e. bonds issued by firms in non-polluting sectors. To this purpose, we merge a standard DSGE framework with an environmental model. In our model,...
Persistent link: https://www.econbiz.de/10012384477
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Monetary policy, neutrality and the environment
Faria, João Ricardo; McAdam, Peter; Viscolani, Bruno - 2021
We study the interaction between monetary and fiscal policies in a Ramsey-Sidrauski model augmented with environmental capital. Equilibrium solutions are studied through the "Green Golden Rule". Despite the non-separability of money in utility and intertemporally nonseparable preferences, money...
Persistent link: https://www.econbiz.de/10012594070