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Environmental policy and investment location : the risk of carbon leakage in the EU ETS
D'Arcangelo, Filippo Maria; Galeotti, Marzio - 2022
This paper empirically investigates the effect of the European Emission Trading Scheme (EU ETS) on cross … in areas outside the EU ETS. To study this problem, we employ a model of the firm's investment decision in conjunction … sensitivity to carbon pricing from observed pollution data. This allows to identify the effect of the EU ETS on international …
Persistent link: https://www.econbiz.de/10013438492
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The impact of the European carbon market on firm productivity : evidence from Italian manufacturing firms
D'Arcangelo, Filippo Maria; Pavan, Giulia; Calligaris, Sara - 2022
The European Union Emissions Trading System has raised concerns about possible detrimental effects on firms production through an increase in polluting costs, unless firms change inputs or increase the efficiency in the way they produce. We provide evidence of the causal impact of this policy on...
Persistent link: https://www.econbiz.de/10013361269