Firm Competitiveness and the European Union Emissions Trading Scheme

● Hei Sing (Ron) Chan (University of Maryland), Prof. Shanjun Li (Cornell University), Fan Zhang (World Bank) ● The European Union Emissions Trading Scheme is the first international cap-and-trade program for carbon dioxide and the largest carbon pricing regime in the world. A significant concern over the Emissions Trading Scheme has been the potential impact on the competitiveness of industry. Using data on 5,873 firms in ten European countries during 2001–2009, a recent World Bank policy research paper (PDF) assesses the impact on three variables through which the effects on firm competitiveness may manifest—unit material costs, employment and revenue. The analysis focuses on the three most heavily-emitting industries under the program—power, cement, and iron and steel ...Zum vollständigen Artikel

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