气候变化领域集成服务门户(CCPortal): Indirect cost compensation under the EU ETS: A firm-level analysis

CCPortal

DOI	10.1016/j.enpol.2022.112989
	Indirect cost compensation under the EU ETS: A firm-level analysis
	Ferrara A.R.; Giua L.
发表日期	2022
ISSN	0301-4215
卷号	165
英文摘要	Decarbonisation implies conversion to electrification with a subsequent increase in electricity consumption. The EU Emission Trading System (EU ETS) compensates firms for the higher electricity costs. We exploit sectoral and country differences in regulation and a unique dataset on beneficiaries to evaluate the impact of EU ETS indirect cost compensation on the performance of aided firms. Receiving compensation for indirect costs does not have a statistically significant impact on labour productivity. Conversely, there is evidence of a negative performance in terms of turnover, value of total assets and employment of beneficiaries. Results suggest that the amounts transferred to firms might not fully compensate for the higher cost of energy in aided countries. However, the negative effects fade in sectors more exposed to carbon leakage risk. As far as aid intensity is concerned, estimates imply that higher compensation amounts improve performance. © 2022 The Authors
英文关键词	Carbon leakage; Decarbonisation; Difference-in-differences; EU ETS; Firm performance
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256197
作者单位	European Commission, Joint Research Centre (JRC), Ispra, Italy; Department of Economics and Business, University of Cagliari, Cagliari, Italy
推荐引用方式 GB/T 7714	Ferrara A.R.,Giua L.. Indirect cost compensation under the EU ETS: A firm-level analysis[J],2022,165.
APA	Ferrara A.R.,&Giua L..(2022).Indirect cost compensation under the EU ETS: A firm-level analysis.Energy Policy,165.
MLA	Ferrara A.R.,et al."Indirect cost compensation under the EU ETS: A firm-level analysis".Energy Policy 165(2022).