Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/265415 
Year of Publication: 
2022
Series/Report no.: 
ZEW Discussion Papers No. 22-042
Publisher: 
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim
Abstract: 
As an example of supranational climate policy coordination for sectors not covered by carbon trading, the European Effort Sharing Decision set national targets for emission reductions for the time period 2013-2020. Member States were free to decide the national policies to implement to achieve these objectives. This is the first quantification of the impact this regulation had on the emissions of the corresponding firms. We exploit the differences along three variables: a national-level treatment intensity, an exposure index defined at the firm level and a time dimension (before or after the introduction of the policy). We find that, even in countries with no stringent target, emissions from exposed firms tended to decrease more than emissions from non-exposed firms. In addition, each percentage point increase in the stringency of the treatment leads to a 6.1% reduction in emissions for an average exposed firm. This provides interesting insights for other supranational climate agreements.
Subjects: 
carbon emissions
effort sharing decision
firms
climate policy
JEL: 
D22
F53
L51
Q54
Q58
Document Type: 
Working Paper

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