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

This study provides new evidence on the determinants of environmental expenditure and investment. In particular, it investigates how environmental expenditure and investment of Swedish industrial firms responded to climate policies, such as the European Union's Emission Trading System (EU ETS)...

Full description

Saved in:
Bibliographic Details
Published in:Journal of environmental economics and policy 2014-01, Vol.3 (2), p.148-166
Main Authors: Jaraite, Jurate, Kazukauskas, Andrius, Lundgren, Tommy
Format: Article
Language:English
Subjects:
climate policy
environmental expenditure and investment
EU ETS
firm-level data
Sweden
tax
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This study provides new evidence on the determinants of environmental expenditure and investment. In particular, it investigates how environmental expenditure and investment of Swedish industrial firms responded to climate policies, such as the European Union's Emission Trading System (EU ETS) and the Swedish CO 2 tax, directed to mitigate air pollution. Overall, an important conclusion of this analysis is that climate policies, both on the national and international levels, were highly relevant motivations for firm environmental expenditure. However, the findings do not support the expectations that the EU ETS and the Swedish CO 2 tax encouraged investment in air pollution abatement.
ISSN:2160-6544
2160-6552
DOI:10.1080/21606544.2013.875948