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

See all articles by Ralf Martin

Ralf Martin

London School of Economics & Political Science (LSE) - Department of Economics; Imperial College Business School

Mirabelle Muûls

Imperial College Business School and Grantham Institute - Climate Change and the environment; London School of Economics - Centre for Economic Performance

Ulrich J. Wagner

Department of Economics, University of Mannheim

Date Written: November 21, 2014

Abstract

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

Martin, Ralf and Muûls, Mirabelle and Wagner, Ulrich J., The Impact of the EU ETS on Regulated Firms: What is the Evidence after Nine Years? (November 21, 2014). Available at SSRN: https://ssrn.com/abstract=2344376 or http://dx.doi.org/10.2139/ssrn.2344376

Ralf Martin

London School of Economics & Political Science (LSE) - Department of Economics ( email )

Houghton Street
London WC2A 2AE
United Kingdom

Imperial College Business School ( email )

South Kensington Campus
Exhibition Road
London SW7 2AZ, SW7 2AZ
United Kingdom

Mirabelle Muûls

Imperial College Business School and Grantham Institute - Climate Change and the environment ( email )

South Kensington Campus
Exhibition Road
London, Greater London SW7 2AZ
United Kingdom

London School of Economics - Centre for Economic Performance ( email )

Houghton Street
London WC2A 2AE
United Kingdom

Ulrich J. Wagner (Contact Author)

Department of Economics, University of Mannheim ( email )

L7, 3-5
Mannheim, 68131
Germany
+49 621 181 1420 (Phone)

HOME PAGE: http://wagner.vwl.uni-mannheim.de

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