Cited by 1,147Climate Change Policy and EconomicsEnvironmental Sustainability in BusinessIntellectual Property and Patents

The DOI matches its Crossref record; 84 of the 86 references it cites were found in a registry or an index.

Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market

Open access
Calel, Raphael, Dechezleprêtre, Antoine·2016·Review of Economics and Statistics

Abstract

This paper investigates the impact of the European Union Emissions Trading System (EU ETS) on technological change, exploiting installations level inclusion criteria to estimate the System’s causal impact on firms’ patenting. We find that the EU ETS has increased low-carbon innovation among regulated firms by as much as 10%, while not crowding out patenting for other technologies. We also find evidence that the EU ETS has not affected patenting beyond the set of regulated companies. These results imply that the EU ETS accounts for nearly a 1% increase in European low-carbon patenting compared to a counterfactual scenario.

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Research works printed but not linked: 11

  1. Aghion P., 2012, NBER working paper, 18596
  2. Anderson B., 2011, IEFE working paper, 43
  3. Burtraw D., 2009, Resources for the Future discussion paper, 09
  4. Cochran W., 1973, Sankhy-a: The Indian Journal of Statistics, Series A, 35, 417
  5. Cohen W. M., 2000, NBER working paper, 7552
  6. 10.2307/2669919 · DOI · Paper page
  7. Dernis H., 2001, STI Review, 27
  8. European Commission, 2011, EU technical report COM, 112
  9. 10.1257/000282802760015658 · DOI · Paper page
  10. Popp D., 2010, NBER working paper, 15673
  11. Porter M. E., 1991, Scientific American, 264

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Metadata

Authors
Calel, R., & Dechezleprêtre, A.
Affiliations
  • Georgetown University (US)
  • London School of Economics and Political Science (GB)
Venue
Review of Economics and Statistics
Publisher
MIT Press
Published
2016-03
Volume
98
Issue
1
Pages
173-191
ISSN
  • 0034-6535 (ISSN-L)
  • 1530-9142
OpenAlex
W3122318714
Cited by
1,147
References
86
Citations by year
2026: 227 · 2025: 151 · 2024: 161 · 2023: 134 · 2022: 139 · 2021: 80 · 2020: 74 · 2019: 39 · 2018: 69 · 2017: 25 · 2016: 20
FWCI
52.77
Type
journal article
Language
en
Open access
Locations
  • The Review of Economics and Statistics (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • London School of Economics and Political Science Research Online (London School of Economics and Political Science) (submittedVersion)
Funders
  • Grantham Foundation for the Protection of the Environment
  • Economic and Social Research Council (ES/K006576/1, ES/I015760/1, PTA-026-27-2756, ES/M010341/1)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
  • Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
  • Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Intellectual Property and Patents
Keywords
EU Emissions Trading System, carbon pricing, environmental policy, directed technological change, low-carbon innovation, patenting, crowding out, emissions regulation, European Union

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