The Effect of Carbon Pricing on Firm Emissions: Evidence from the Swedish CO2 Tax.

Autor:	Martinsson, Gustav, Sajtos, László, Strömberg, Per, Thomann, Christian
Předmět:	CARBON pricing CARBON taxes CARBON dioxide mitigation EMISSION control ENVIRONMENTAL impact charges SOCIAL responsibility of business BUSINESS & the environment
Zdroj:	Review of Financial Studies; Jun2024, Vol. 37 Issue 6, p1848-1886, 39p
Abstrakt:	Sweden was one of the first countries to introduce a carbon tax back in 1991. We assemble a unique data set tracking CO2 emissions from Swedish manufacturing firms over 26 years to estimate the impact of carbon pricing on firm-level emission intensities. We estimate an emission-to-pricing elasticity of around two, with substantial heterogeneity across subsectors and firms, where higher abatement costs and tighter financial constraints are associated with lower elasticities. A simple calibration suggests that 2015 CO2 emissions from Swedish manufacturing would have been roughly 30% higher without carbon pricing. [ABSTRACT FROM AUTHOR]
Databáze:	Complementary Index
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