Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading System
Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading System
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Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading System
"Using administrative data, we estimate that, on average, the EU ETS – the world's first and largest market-based climate policy – induced regulated manufacturing firms to reduce carbon dioxide emissions by 14-16% with no detectable contractions in economic activity. "