Did the EU ETS make a difference? An empirical assessment using Lithuanian firm-level data

Jaraite, Jurate and Di Maria, Corrado ORCID: https://orcid.org/0000-0002-3048-0506 (2015) Did the EU ETS make a difference? An empirical assessment using Lithuanian firm-level data. The Energy Journal, 37 (1). ISSN 1944-9089

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Abstract

We use a panel dataset of about 5,000 Lithuanian firms between 2003 and 2010, to assess the impact of the EU ETS on the environmental and economic performance of participating firms. Using a matching methodology, we are able to estimate the causal impact of EU ETS participation on CO2 emissions, CO2 intensity, investment behaviour and profitability of participating firms. Our results show that ETS participation did not lead to a reduction in CO2 emissions, while we identify a slight improvement in CO2 intensity. ETS participants are shown to have retired part of their less efficient capital stock, and to have made modest additional investments from 2010. We also show that the EU ETS did not represent a drag on the profitability of participating firms.

Item Type:	Article
Uncontrolled Keywords:	cap and trade,co2 emissions,eu emissions trading system,firm competitiveness
Faculty \ School:	Faculty of Social Sciences > School of Economics
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Environment, Resources and Conflict Faculty of Social Sciences > Research Groups > Economic Theory Faculty of Social Sciences > Research Groups > Applied Econometrics And Finance Faculty of Science > Research Centres > Centre for Social and Economic Research on the Global Environment (CSERGE) University of East Anglia Schools > Faculty of Science > Tyndall Centre for Climate Change Research Faculty of Science > Research Centres > Tyndall Centre for Climate Change Research
Depositing User:	Pure Connector
Date Deposited:	13 Oct 2014 14:16
Last Modified:	13 Jun 2023 08:24
URI:	https://ueaeprints.uea.ac.uk/id/eprint/50226
DOI:	10.5547/01956574.37.2.jjar

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