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dc.contributor.authorVERDE, Stefano F.
dc.date.accessioned2020-02-26T09:49:07Z
dc.date.available2020-02-26T09:49:07Z
dc.date.issued2020
dc.identifier.citationJournal of economic surveys, 2020. Vol. 34, No. 2, pp. 320-343en
dc.identifier.issn0950-0804
dc.identifier.issn1467-6419
dc.identifier.urihttp://hdl.handle.net/1814/66267
dc.descriptionFirst published: 11 February 2020en
dc.description.abstractThis paper carefully surveys the econometric literature that tests for competitiveness effects and related carbon leakage caused by the EU Emissions Trading System (EU ETS). The results of this literature tell us that to date there is no evidence of the EU ETS having had widespread negative or positive effects on the competitiveness of regulated firms, nor is there evidence of significant carbon leakage. However, the paper also identifies three important caveats to this general conclusion. Firstly, the evidence we have still largely refers to the first two trading periods, namely Phases I (2005–2007) and II (2008–2012). Secondly, some heterogeneity of estimated effects is observed, but patterns, notably sectoral patterns, hardly emerge. Thirdly, very little explored is whether the EU ETS has had long‐term effects on the economy via investment leakage or firm dynamics. Further empirical studies investigating these long‐term effects are particularly desirable.en
dc.description.sponsorshipEU LIFE Programme of the European Commission. Grant Number: GIC/IT/000051en
dc.format.mimetypeapplication/pdfen
dc.language.isoenen
dc.publisherWileyen
dc.relation.ispartofJournal of economic surveysen
dc.relation.ispartofseries[Florence School of Regulation]en
dc.relation.ispartofseries[Climate]en
dc.titleThe impact of the EU emissions trading system on competitiveness and carbon leakage : the econometric evidenceen
dc.typeArticleen
dc.identifier.doi10.1111/joes.12356
dc.identifier.volume34en
dc.identifier.startpage320en
dc.identifier.endpage343en
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dc.identifier.issue2en


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