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PreprintCited by 33Climate Change Policy and EconomicsEnergy, Environment, Economic GrowthEnvironmental Sustainability in Business

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Technological Change and the EU ETS: The Case of Ireland

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Anderson, Barry, Convery, Frank, Di Maria, Corrado·2011·SSRN Electronic Journal
DOI 10.2139/ssrn.1855495
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Abstract

The rate of greenhouse gas reducing technological change and occurrence of environmentally friendly innovation are integral in reducing emissions levels. The European Union commenced the pilot phase of the European Union Emissions Trading System(EU ETS) in 2005 with the intent to enhance the adoption of existing low-carbon technologies and the development and of new ones by putting a price on CO2 emissions. We survey Irish EU ETS firms to study the occurrence of CO2 emissions friendly technological change during the pilot phase (2005-2007) as well as the reasons firms did or did not alter their technology portfolios in response to the price on emissions. Despite declining emissions prices and policy related uncertainty, 48% of responding Irish firms employed new machinery or equipment, 74% made process or behavioral changes, and 41% switched fuels to some degree that contributed to emissions reductions during the pilot phase. The effect of rising energy prices on these emissions and energy saving actions should not be overlooked. In general, we find that the EU ETS was effective in stimulating moderate technological change and also raising awareness about emissions reduction possibilities.

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Research works printed but not linked: 30

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Metadata

Authors
Anderson, B., Convery, F., & Di Maria, C.
Affiliations
  • Bocconi University (IT)
  • University College Dublin (IE)
Corresponding author
Anderson, Barry
ORCID
Di Maria, Corrado
Venue
SSRN Electronic Journal
Publisher
Elsevier BV
Published
2011
ISSN
1556-5068 (ISSN-L)
DOI
10.2139/ssrn.1855495
OpenAlex
W3124424090
Cited by
33
References
1
Citations by year
2024: 1 · 2023: 4 · 2022: 2 · 2021: 3 · 2020: 4 · 2019: 2 · 2018: 3 · 2017: 1 · 2016: 3 · 2014: 3 · 2013: 3 · 2012: 3
Type
posted content
Language
en
Open access
Locations
SSRN Electronic Journal (acceptedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
  • Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
Keywords
EU Emissions Trading System, carbon pricing, technological change, emissions trading, low-carbon technology adoption, green innovation, CO2 emissions, fuel switching, energy prices, energy conservation, policy uncertainty, Irish firms, pilot phase

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