The European Union Emissions Trading System reduced CO2 emissions despite low prices

P Bayer, M Aklin - Proceedings of the National Academy of Sciences, 2020‏ - pnas.org
International carbon markets are an appealing and increasingly popular tool to regulate
carbon emissions. By putting a price on carbon, carbon markets reshape incentives faced by …

Carbon markets: a historical overview

R Calel - Wiley Interdisciplinary Reviews: Climate Change, 2013‏ - Wiley Online Library
The global carbon trade has in a short space of time grown into a market worth over $175
billion a year. The history of carbon markets is a great political success story, and today they …

Environmental policy and directed technological change: evidence from the European carbon market

R Calel, A Dechezleprêtre - Review of economics and statistics, 2016‏ - direct.mit.edu
This paper investigates the impact of the European Union Emissions Trading System (EU
ETS) on technological change, exploiting installations level inclusion criteria to estimate the …

Reflections—the emerging literature on emissions trading in Europe

FJ Convery - Review of Environmental Economics and …, 2009‏ - journals.uchicago.edu
Abstract The European Union Emissions Trading Scheme (EU ETS), inaugurated in 2005, is
arguably the most important application of environmental economics the world has ever …

Emission trading, induced innovation and firm performance

S Ren, X Yang, Y Hu, J Chevallier - Energy economics, 2022‏ - Elsevier
Whether or not carbon emission policies can achieve the “double dividend” of carbon
reduction and economic growth is vital for realizing sustainable development. This paper …

Adopt or innovate: Understanding technological responses to cap-and-trade

R Calel - American Economic Journal: Economic Policy, 2020‏ - aeaweb.org
One important motivation for creating cap-and-trade programs for carbon emissions is the
expectation that they will stimulate much-needed low-carbon innovation. I construct a new …

The brave new world of carbon trading

CL Spash - New Political Economy, 2010‏ - Taylor & Francis
Human-induced climate change has become a prominent political issue, at both national
and international levels, leading to the search for regulatory 'solutions'. Emissions trading …

Why does emissions trading under the EU Emissions Trading System (ETS) not affect firms' competitiveness? Empirical findings from the literature

E Joltreau, K Sommerfeld - Climate policy, 2019‏ - Taylor & Francis
Environmental policies may have important consequences for firms' competitiveness or
profitability. For the European Union Emissions Trading System (EU ETS) the empirical …

Abatement and Allocation in the Pilot Phase of the EU ETS

B Anderson, C Di Maria - Environmental and Resource Economics, 2011‏ - Springer
We use historical industrial emissions data to assess the level of abatement and over-
allocation that took place across European countries during the pilot phase (2005–2007) of …

[کتاب][B] International business and global climate change

J Pinkse, A Kolk - 2009‏ - taylorfrancis.com
Climate change has become an important topic on the business agenda with strong
pressure being placed on companies to respond and contribute to finding solutions to this …