Citation:
Martin, R., Muûls, M., Wagner, U. J. (2016). The impact of the European Union Emissions Trading Scheme on regulated firms: what is the evidence after ten years?. Review of Environmental Economics and Policy, v. 10, n. 1, pp. 129 148.
Sponsor:
We gratefully acknowledge financial support from DECC, the ESRC (grant ES/
J006742/1), the British Academy (Martin), the Leverhulme Trust (Muuˆ ls), and the SpanishMinistries of Science
and Innovation, and Economics and Competitiveness, reference numbers SEJ2007 62908, ECO2012 31358 and
RYC 2013 12492 (Wagner).
Project:
Gobierno de España. ECO2012-31358 Gobierno de España. SEJ2007 62908 Gobierno de España. RYC 2013 12492
Keywords:
Pollution Control Adoption Costs
,
Distributional Effects
,
Employment Effects
,
Climate
,
Natural Disasters
,
Global Warming
,
Government Policy
This article reviews the recent literature on ex post evaluation of the impacts of the European Union (EU) Emissions Trading Scheme (ETS) on regulated firms in the industrial and power sectors. We summarize the findings from original research papers concerningThis article reviews the recent literature on ex post evaluation of the impacts of the European Union (EU) Emissions Trading Scheme (ETS) on regulated firms in the industrial and power sectors. We summarize the findings from original research papers concerning three broadly defined impacts: carbon dioxide emissions, economic performance and competitiveness, and innovation. We conclude by highlighting gaps in the current literature and suggesting priorities for future research on this landmark policy.[+][-]