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Firm competitiveness and the European Union emissions trading scheme

机译:企业竞争力和欧盟排放交易计划

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摘要

The European Union Emissions Trading Scheme is the first international cap-and-trade program for CO_2 and the largest carbon pricing regime in the world. A principle concern over the Emissions Trading Scheme is the potential impact on the competitiveness of industry. Using a panel of 5873 firms in 10 European countries during 2001-2009, this paper seeks to assess the impact of the carbon regulation on three variables through which the effects on firm competitiveness may manifest-unit material costs, employment and revenue. Our analysis focuses on three most polluting industries covered under the program-power, cement, and iron and steel. Empirical results indicate that the emissions trading program had different impacts across these three sectors. While no impacts are found on any of the three variables in cement and iron and steel industries, our analysis suggests a positive effect on both material costs and revenue in the power sector: the effect on material costs likely reflects the costs to comply with emissions constraints or other parallel renewable incentive programs while that on revenue may partly due to cost pass-through to consumers in a market less exposed to competition outside EU Overall our findings do not substantiate concerns over carbon leakage, job loss and industry competitiveness at least during the study period.
机译:欧盟排放交易计划是针对CO_2的第一个国际限额与交易计划,也是世界上最大的碳定价制度。排放权交易计划的一个主要问题是对行业竞争力的潜在影响。本文使用2001年至2009年期间来自10个欧洲国家的5873家企业组成的小组,评估了碳监管对三个变量的影响,通过这些变量对企业竞争力的影响可以体现单位材料成本,就业和收入。我们的分析重点关注计划涵盖的三个污染最严重的行业,包括电力,水泥和钢铁。实证结果表明,排放交易计划对这三个部门产生了不同的影响。虽然没有发现对水泥和钢铁行业的三个变量有任何影响,但我们的分析表明,这对电力部门的材料成本和收入都有积极影响:对材料成本的影响很可能反映了遵守排放限制的成本或其他并行的可再生激励计划,而收入的增长则可能部分是由于成本转嫁给了消费者,而该市场的消费者较少受到欧盟以外竞争的影响总体而言,至少在研究过程中,我们的发现并没有充分证明对碳泄漏,失业和行业竞争力的担忧期。

著录项

  • 来源
    《Energy Policy》 |2013年第12期|1056-1064|共9页
  • 作者单位

    Department of Economics, University of Maryland, 3114 Tydings Hall, College Park, MD 20742, United States;

    Dyson School of Applied Economics and Management, 405 Warren Hall, Cornell University, Ithaca, NY 14853, United States;

    World Bank, 1818H ST NW, Washington, DC 20006, United States;

  • 收录信息 美国《科学引文索引》(SCI);美国《工程索引》(EI);
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    Cap and trade; EU emissions trading scheme; Firm competitiveness;

    机译:限额与交易;欧盟排放权交易计划;企业竞争力;

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