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Publication type: Conference paper
Type of review: Not specified
Title: How do plants respond to a rising carbon tax? : empirical evidence on energy consumption and emissions
Authors: Fauceglia, Dario
Leu, Thomas
Müller, Tobias
et. al: No
DOI: 10.21256/zhaw-18378
Conference details: 34th Annual Congress of the European Economic Association & 72nd European Meeting of the Econometric Society, Manchester, United Kingdom, 26-30 August 2019
Issue Date: 2019
Publisher / Ed. Institution: ZHAW Zürcher Hochschule für Angewandte Wissenschaften
Language: English
Subjects: Carbon tax; Plant behavior; Emission; Energy consumption
Subject (DDC): 333.79: Energy
Abstract: This paper examines how Swiss plants respond to a carbon tax that was increased by 400% during the period 2008-2015. In response to the tax and unrelated to sector affiliation, we find that while plants reduced carbon emissions by 12-15%, energy consumption fell by 4-6%. These results are consistent with a series of CO2 fuel tax elasticities estimates ranging between -0.1 and -0.23. Plants in the service sector exclusively reduced emissions by consuming less fossil fuels, whereas plants in the industry sector also increasingly switched to the less carbon-intensive natural gas. Finally, more heavily taxed plants due to a relatively carbon-intensive energy mix as well as plants with high pre-policy emission levels decreased emissions disproportionately.
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Center for Economic Policy (FWP)
Appears in collections:Publikationen School of Management and Law

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