Climate Policies, Carbon Pricing, and Pollution Tax: Do Carbon Taxes Really Lead to a Reduction in Emissions?

Ionescu, Luminiţa

doi:10.22381/ghir11120194

Cited by 8 publications

(2 citation statements)

References 4 publications

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“…The topic model analysis highlights the prevalence of papers related to business innovation, with an emphasis on process improvements, which are definitively expected to improve the environment. These findings are in line with a recent stream of literature which suggests that low-carbon technology innovations, when combined with traditional policy tools, such as carbon trading and carbon taxes, might be largely effective in shaping firms' environmental sustainability performance [14][15][16][17][18]. Thus, supported by our evidence and the related literature, we then exploited time series and geographical information of our collected dataset to develop and estimate an econometric setting that investigates the relationship between the EU Taxonomy-related scientific production (which is here considered a driver for innovation towards sustainability) and pollution levels.…”

Section: Introductionsupporting

confidence: 88%

“…Supported by the abovementioned findings and also by the most recent literature-suggesting that low-carbon technology innovations, especially when complemented by traditional policy tools such as carbon trading and carbon taxes, might be effective in shaping firms' environmental sustainability performance [14][15][16][17][18]-we exploit time series and geographical information of our collected dataset to develop and estimate an econometric setting that investigates the relationship between the Taxonomy-related scientific production, as a condition for innovation towards sustainability, and the sustainability goal related to the reduction of CO 2 emissions. Such research is also grounded on the literature dealing with the societal impact of scientific research [56], given that scientists are increasingly under pressure to communicate their research better, to interact with the public, and to prove the "societal" impact of their work [57].…”

Section: Regression Analysissupporting

confidence: 52%

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Classification of Sustainable Activities: EU Taxonomy and Scientific Literature

et al. 2020

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In March 2020, the European Commission published the EU Taxonomy, a classification system of economic activities that can be considered environmentally sustainable. Motivated by this policy initiative, we propose a bibliometric analysis, based on the Web of Science database for the period January 1990–March 2020, regarding the extant scientific production related to the EU Taxonomy environmental objectives and macro-sectors. We find that a considerable number of scientific works—161,595 publications—have investigated Taxonomy-related areas, showing that the EU Taxonomy defined a working method, based on the cooperation among regulators, academics, and industry, representing a valuable example of evidence-based policy making. Furthermore, topic modelling analysis shows that extracted papers focused on improvements in production processes, innovation, and environmental performance. Thus, exploiting time and geographic patterns of the scientific publications, we perform a multivariate analysis to investigate its relationship with subsequent levels of pollution. Our evidence shows that, for the past, a higher level of EU Taxonomy-related publications is associated with a lower level of CO2 emissions, supporting the view that scientific production has a societal impact in terms of environmental sustainability. Accordingly, now that EU Taxonomy-related topics have been incorporated into policy measures, further positive environmental effects are expected from here on out.

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Section: Introductionsupporting

confidence: 88%