The effects of climate policy on environmental expenditure and investment: evidence from Sweden

Jaraitė, Jūratė; Kažukauskas, Andrius; Lundgren, Tommy

doi:10.1080/21606544.2013.875948

Cited by 36 publications

(22 citation statements)

References 23 publications

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“…We summarize the production inputs by year in Table 1 and outputs in Even though we are not explicitly taking into account any policy measures and their effects in our estimations, there are plenty of reasons to suspect that they are playing an important role in shaping the behavior of firms (Brännlund et al, 2014;Jaraite et al, 2014). Sweden has a long history of taxing energy and emissions.…”

Section: Accepted Manuscriptmentioning

confidence: 99%

“…FollowingJaraite et al (2014), we categorize investments and expenditures for Swedish manufacturing. Environmental investments include both pollution treatment, or 'end-of-pipe' techniques (e.g., air filters and scrubbers), and pollution prevention processes (e.g., fuel switching/saving equipment and recirculation of process gases); Environmental expenditures include operating costs of existing environmental equipment, internal monitoring, personnel training, and remediation costs.…”

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confidence: 99%

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Environmental investment and firm performance: A network approach

et al. 2016

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This study examines the role of investment in environmental production practices for both environmental performance and energy efficiency over time.We employ a network DEA approach that links successive production technologies through intertemporal investment decisions with a period by period estimation. This allows us to estimate energy efficiency and environmental performance separately, as well as productivity change and its associated decompositions into efficiency change and technology change. Incorporating a network model also allows us to account for both short-term environmental management practices and long-term environmental investments in each of our productivity measures. We apply this framework to a panel of detailed plant-level production data for Swedish manufacturing firms covering the years 2002 -2008.

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Section: Accepted Manuscriptmentioning

confidence: 99%

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confidence: 99%

Environmental investment and firm performance: A network approach

et al. 2016

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“…Information from the survey covers three main categories: pollution treatment investment, pollution prevention investment, and current expenditure. Pollution treatment investments do not affect the production process and aim to deal with pollutants that are already made; these types of solutions are often referred to as 'end-ofpipe' solutions (Jaraite et al, 2014). Filters and scrubbers are examples of such investments.…”

Section: Datamentioning

confidence: 99%

“…In contrast, pollution prevention investments attempt to directly affect the production process in order to reduce pollution. These are characterized by "(1) lowering emissions from production processes; (2) facilitating the use of less environmentally damaging input factors; (3) new and more efficient and less emitting equipment and machinery" (Jaraite et al;2014, pp: 164). Optimizing the use of chemicals and increasing recycling are examples of such investments.…”

Section: Datamentioning

confidence: 99%

Environment Versus Jobs: An Industry-Level Analysis of Sweden

Amjadi¹

2020

SSRN Journal

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The aim of this paper was to investigate whether the environment and employment compete with each other in Swedish manufacturing industry. The effect of a marginal increase in environmental expenditure and environmental investment costs on sector-level demand for labor (employment) was studied using a detailed firm-level panel dataset for the period 2001-2008. The results showed that the sign and magnitude of the net employment effects ultimately depend on the aggregate sector-level output demand elasticity. If the output demand is inelastic, these costs induce small net improvements in employment, while a more elastic output demand suggests negative, but in most sectors relatively small, net effects on demand for labor. Hence, the results did not generally indicate a substantial trade-off between jobs and the environment. The general policy recommendation that can be drawn from this study is that, in the absence of empirically estimated output demand elasticities, a careful attitude regarding national environmental initiatives for sectors exposed to world market competition should be adopted.

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“…Chan et al (2013) examine the power and cement industries in addition to the iron and steel industry and find that the impact of the ETS varies by industry. Jaraite et al (2014) examine Swedish plants and found that policies that put a price on carbon encourage environmental expenditure but not investment. Martin et al (2014) found that carbon leakage risk is more related to carbon intensity than to trade exposure.…”

Section: Previous Literaturementioning

confidence: 99%

How Responsive Are EU Coal-Burning Plants to Changes in Energy Prices?

Meyer

Pac

2015

The B.E. Journal of Economic Analysis &Amp; Policy

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The European Union (EU) Emissions Trading System (ETS) has implicitly made it more expensive to bum coal relative to natural gas because coal has a higher carbon content. Therefore, it is important to understand how much plants reduce their coal usage in response to higher coal prices to assess the effectiveness of the ETS in reducing carbon emissions. We analyze a novel panel of coal-burning large combustion plants from a subsample of eight EU countries and found that, holding constant the natural gas price, a 10/0 increase in the coal price results in a 0.36% decrease in coal consumption. At current ETS prices, this implies that the average large combustion plant in our sample EU countries is burning 7% less coal than it would be absent in the ETS. This suggests that the ETS has significantly reduced carbon emissions from coalfired plants for the eight countries represented in our sample.

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The effects of climate policy on environmental expenditure and investment: evidence from Sweden

Cited by 36 publications

References 23 publications

Environmental investment and firm performance: A network approach

Environmental investment and firm performance: A network approach

Environment Versus Jobs: An Industry-Level Analysis of Sweden

How Responsive Are EU Coal-Burning Plants to Changes in Energy Prices?

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