The Experts below are selected from a list of 38391 Experts worldwide ranked by ideXlab platform
Ulrich J Wagner - One of the best experts on this subject based on the ideXlab platform.
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does pricing carbon Mitigate Climate Change firm level evidence from the european union emissions trading scheme
Social Science Research Network, 2020Co-Authors: Jonathan Colmer, Ralf Martin, Mirabelle Muuls, Ulrich J WagnerAbstract:In theory, market-based regulatory instruments correct market failures at least cost. However, evidence on their efficacy remains scarce. We evaluate the European Union Emissions Trading Scheme (EU ETS) - the world's first and largest market-based Climate policy. Using administrative data on almost 4,000 French manufacturing firms, we estimate that the EU ETS induced regulated firms to reduce carbon dioxide emissions by 8-12% compared to unregulated firms after the Pilot phase, a necessary condition for Climate Change mitigation. These reductions account for 26% of the concurrent decline in aggregate industrial emission in France. We do not estimate any negative effects on the scale of production; instead we find that firms reduced the emissions intensity of value added by making targeted investments. We find no evidence that firms outsourced production to unregulated firms or markets. Collectively, these findings suggest that the EU ETS induced global emissions reductions, a necessary and sufficient condition for mitigating Climate Change.
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does pricing carbon Mitigate Climate Change firm level evidence from the european union emissions trading scheme
Research Papers in Economics, 2020Co-Authors: Jonathan Colmer, Ralf Martin, Mirabelle Muuls, Ulrich J WagnerAbstract:Market-based regulatory instruments hold the promise of correcting market failures at least cost. However, evidence on their efficacy remains scarce. We evaluate the European Union Emissions Trading Scheme (EU ETS) - the world's first and largest market-based Climate policy. Using administrative data on almost 4,000 French manufacturing firms, we estimate that the EU ETS induced regulated firms to reduce carbon dioxide emissions by 8-12% compared to unregulated firms after the Pilot phase, a necessary condition for Climate Change mitigation. These reductions account for 26% of the concurrent decline in aggregate industrial emission in France. We do not estimate any negative effects on the scale of production; instead we find that firms reduced the emissions intensity of value added by making targeted investments. We find no evidence that firms outsourced production to unregulated firms or markets. Collectively, these findings suggest that the EU ETS induced global emissions reductions, a necessary and sufficient condition for mitigating Climate Change.
Mirabelle Muuls - One of the best experts on this subject based on the ideXlab platform.
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does pricing carbon Mitigate Climate Change firm level evidence from the european union emissions trading scheme
Social Science Research Network, 2020Co-Authors: Jonathan Colmer, Ralf Martin, Mirabelle Muuls, Ulrich J WagnerAbstract:In theory, market-based regulatory instruments correct market failures at least cost. However, evidence on their efficacy remains scarce. We evaluate the European Union Emissions Trading Scheme (EU ETS) - the world's first and largest market-based Climate policy. Using administrative data on almost 4,000 French manufacturing firms, we estimate that the EU ETS induced regulated firms to reduce carbon dioxide emissions by 8-12% compared to unregulated firms after the Pilot phase, a necessary condition for Climate Change mitigation. These reductions account for 26% of the concurrent decline in aggregate industrial emission in France. We do not estimate any negative effects on the scale of production; instead we find that firms reduced the emissions intensity of value added by making targeted investments. We find no evidence that firms outsourced production to unregulated firms or markets. Collectively, these findings suggest that the EU ETS induced global emissions reductions, a necessary and sufficient condition for mitigating Climate Change.
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does pricing carbon Mitigate Climate Change firm level evidence from the european union emissions trading scheme
Research Papers in Economics, 2020Co-Authors: Jonathan Colmer, Ralf Martin, Mirabelle Muuls, Ulrich J WagnerAbstract:Market-based regulatory instruments hold the promise of correcting market failures at least cost. However, evidence on their efficacy remains scarce. We evaluate the European Union Emissions Trading Scheme (EU ETS) - the world's first and largest market-based Climate policy. Using administrative data on almost 4,000 French manufacturing firms, we estimate that the EU ETS induced regulated firms to reduce carbon dioxide emissions by 8-12% compared to unregulated firms after the Pilot phase, a necessary condition for Climate Change mitigation. These reductions account for 26% of the concurrent decline in aggregate industrial emission in France. We do not estimate any negative effects on the scale of production; instead we find that firms reduced the emissions intensity of value added by making targeted investments. We find no evidence that firms outsourced production to unregulated firms or markets. Collectively, these findings suggest that the EU ETS induced global emissions reductions, a necessary and sufficient condition for mitigating Climate Change.
Stefan Reichelstein - One of the best experts on this subject based on the ideXlab platform.
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corporate carbon reduction pledges an effective tool to Mitigate Climate Change
Research Papers in Economics, 2021Co-Authors: Stephen Comello, Julia Reichelstein, Stefan ReichelsteinAbstract:In the intensifying public debate about limiting the harmful effects of Climate Change, many global corporations have recently articulated so-called 'net-zero' goals for reducing and ultimately eliminating their own greenhouse gas emissions. We first examine the details ofthe carbon reduction goals articulated by seven large firms in different industries. The individual reduction goals are shown to vary substantially in terms of specificity and scope, largely due to variations in the measurement of carbon footprints. Particular sources of variation arise from how 'gross emissions' are determined and from firms' willingness to recognize carbon credits that offset their own emissions.
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corporate carbon reduction pledges an effective tool to Mitigate Climate Change
Social Science Research Network, 2021Co-Authors: Stephen Comello, Julia Reichelstein, Stefan ReichelsteinAbstract:In the intensifying public debate about limiting the harmful effects of Climate Change, many global corporations have recently articulated so-called “net-zero” goals for reducing and ultimately eliminating their own greenhouse gas emissions. We first examine the details of the carbon reduction goals articulated by seven large firms in different industries. The individual reduction goals are shown to vary substantially in terms of specificity and scope, largely due to variations in the measurement of carbon footprints. Particular sources of variation arise from how “gross emissions” are determined and from firms’ willingness to recognize carbon credits that offset their own emissions. Keywords: Carbon Emissions; corporate reporting; net-zero goals; carbon offsets
Lea Fuenfschilling - One of the best experts on this subject based on the ideXlab platform.
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opinion why carbon pricing is not sufficient to Mitigate Climate Change and how sustainability transition policy can help
Proceedings of the National Academy of Sciences of the United States of America, 2020Co-Authors: Daniel Rosenbloom, Jochen Markard, Frank W Geels, Lea FuenfschillingAbstract:Carbon pricing is often presented as the primary policy approach to address Climate Change. We challenge this position and offer “sustainability transition policy” (STP) as an alternative. Carbon pricing has weaknesses with regard to five central dimensions: 1) problem framing and solution orientation, 2) policy priorities, 3) innovation approach, 4) contextual considerations, and 5) politics. In order to address the urgency of Climate Change and to achieve deep decarbonization, Climate policy responses need to move beyond market failure reasoning and focus on fundamental Changes in existing sociotechnical systems such as energy, mobility, food, and industrial production. The core principles of STP can help tackle this challenge. Many are eager to take more substantive policy steps to address Climate Change, but pricing carbon pricing alone won’t be sufficient. Image credit: Shutterstock/Shawn Goldberg. Realizing deep decarbonization at the pace necessary to Mitigate the worst impacts of Climate Change has emerged as a pressing challenge for policymakers (1). As a result, the debate about appropriate policy responses has intensified. Many experts and societal actors see carbon pricing as the primary way forward (2⇓–4). Some even use it to argue against other policies, such as fuel efficiency standards. Viewed as the most efficient approach to cut greenhouse gas (GHG) emissions, carbon pricing incentivizes actors to seek the lowest-cost abatement options for their specific circumstances. Consequently, many economists argue that carbon pricing should be the cornerstone of a Climate policy response. We question this reasoning. Carbon pricing faces five major issues that limit its use for accelerating deep decarbonization. First, carbon pricing frames Climate Change as a market failure rather than as a fundamental system problem. Second, it places particular weight on efficiency as opposed to effectiveness. Third, it tends to stimulate the optimization of existing systems rather than transformation. Fourth, it … [↵][1]1To whom correspondence may be addressed. Email: daniel.rosenbloom{at}utoronto.ca. [1]: #xref-corresp-1-1
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opinion why carbon pricing is not sufficient to Mitigate Climate Change and how sustainability transition policy can help
Proceedings of the National Academy of Sciences of the United States of America, 2020Co-Authors: Daniel Rosenbloom, Jochen Markard, Frank W Geels, Lea FuenfschillingAbstract:Carbon pricing is often presented as the primary policy approach to address Climate Change. We challenge this position and offer “sustainability transition policy” (STP) as an alternative. Carbon pricing has weaknesses with regard to five central dimensions: 1) problem framing and solution orientation, 2) policy priorities, 3) innovation approach, 4) contextual considerations, and 5) politics. In order to address the urgency of Climate Change and to achieve deep decarbonization, Climate policy responses need to move beyond market failure reasoning and focus on fundamental Changes in existing sociotechnical systems such as energy, mobility, food, and industrial production. The core principles of STP can help tackle this challenge. Realizing deep decarbonization at the pace necessary to Mitigate the worst impacts of Climate Change has emerged as a pressing challenge for policymakers (1). As a result, the debate about appropriate policy responses has intensified. Many experts and societal actors see carbon pricing as the primary way forward (2⇓–4). Some even use it to argue against other policies, such as fuel efficiency standards. Viewed as the most efficient approach to cut greenhouse gas (GHG) emissions, carbon pricing incentivizes actors to seek the lowest-cost abatement options for their specific circumstances. Consequently, many economists argue that carbon pricing should be the cornerstone of a Climate policy response. We question this reasoning. Carbon pricing faces five major issues that limit its use for accelerating deep decarbonization. First, carbon pricing frames Climate Change as a market failure rather than as a fundamental system problem. Second, it places particular weight on efficiency as opposed to effectiveness. Third, it tends to stimulate the optimization of existing systems rather than transformation. Fourth, it suggests a universal instead of context-sensitive policy approach. Fifth, it fails to reflect political realities. Given these limitations, we propose an alternative approach that targets … [↵][1]1To whom correspondence may be addressed. Email: daniel.rosenbloom{at}utoronto.ca. [1]: #xref-corresp-1-1
Jonathan Colmer - One of the best experts on this subject based on the ideXlab platform.
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does pricing carbon Mitigate Climate Change firm level evidence from the european union emissions trading scheme
Social Science Research Network, 2020Co-Authors: Jonathan Colmer, Ralf Martin, Mirabelle Muuls, Ulrich J WagnerAbstract:In theory, market-based regulatory instruments correct market failures at least cost. However, evidence on their efficacy remains scarce. We evaluate the European Union Emissions Trading Scheme (EU ETS) - the world's first and largest market-based Climate policy. Using administrative data on almost 4,000 French manufacturing firms, we estimate that the EU ETS induced regulated firms to reduce carbon dioxide emissions by 8-12% compared to unregulated firms after the Pilot phase, a necessary condition for Climate Change mitigation. These reductions account for 26% of the concurrent decline in aggregate industrial emission in France. We do not estimate any negative effects on the scale of production; instead we find that firms reduced the emissions intensity of value added by making targeted investments. We find no evidence that firms outsourced production to unregulated firms or markets. Collectively, these findings suggest that the EU ETS induced global emissions reductions, a necessary and sufficient condition for mitigating Climate Change.
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does pricing carbon Mitigate Climate Change firm level evidence from the european union emissions trading scheme
Research Papers in Economics, 2020Co-Authors: Jonathan Colmer, Ralf Martin, Mirabelle Muuls, Ulrich J WagnerAbstract:Market-based regulatory instruments hold the promise of correcting market failures at least cost. However, evidence on their efficacy remains scarce. We evaluate the European Union Emissions Trading Scheme (EU ETS) - the world's first and largest market-based Climate policy. Using administrative data on almost 4,000 French manufacturing firms, we estimate that the EU ETS induced regulated firms to reduce carbon dioxide emissions by 8-12% compared to unregulated firms after the Pilot phase, a necessary condition for Climate Change mitigation. These reductions account for 26% of the concurrent decline in aggregate industrial emission in France. We do not estimate any negative effects on the scale of production; instead we find that firms reduced the emissions intensity of value added by making targeted investments. We find no evidence that firms outsourced production to unregulated firms or markets. Collectively, these findings suggest that the EU ETS induced global emissions reductions, a necessary and sufficient condition for mitigating Climate Change.
