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| Calel, Raphael; Dechezlepretre, Antoine. |
| The European Union Emissions Trading Scheme (EU ETS) has aimed to encourage the development of low-carbon technologies by putting a price on carbon emissions. Using a newly constructed data set that links 8.5 million European companies with their patenting history and their regulatory status under EU ETS, we investigate the hypothesis that the EU ETS has encouraged development of low-carbon technologies. Exploratory data analysis reveals a rapid increase in low-carbon patenting activities at the EPO since 2005, especially among EU ETS regulated companies during the Scheme's second phase. Naive estimates obtained by comparing EU ETS and non-EU ETS firms suggest that the Scheme may be responsible for up to 30% of the increase in low-carbon patenting of... |
| Tipo: Working Paper |
Palavras-chave: Directed Technological Change; EU Emissions Trading Scheme; Policy Evaluation; Q54; Q58. |
| Ano: 2012 |
URL: http://purl.umn.edu/122867 |
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