The Impact of the EU ETS on Regulated Firms: What is the Evidence after Nine Years?
31 Pages Posted: 25 Oct 2013 Last revised: 22 Nov 2014
Date Written: November 21, 2014
This article reviews the recent literature on ex-post evaluation of the impacts of the European Union Emissions Trading Scheme (EU ETS) on the industrial and power sectors. We summarize the findings from original research papers pertaining to three broadly defined outcome categories, namely CO2 emissions, economic performance and competitiveness, as well as innovation. We conclude by highlighting gaps in the current literature and identifying the principal avenues for future research on the EU ETS.
Keywords: EU ETS, emissions trading, climate policy, policy evaluation, empirical evidence, literature survey
JEL Classification: Q52, Q54, Q58
Suggested Citation: Suggested Citation