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Emissions Trading Schemes and Directed Technological Change: Evidence from China

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Title: Emissions Trading Schemes and Directed Technological Change: Evidence from China
Authors: Tian, Ruijie
Issue Date: Nov-2020
Extent: 72
Publication type: report
Organization: Department of Economics, University of Gothenburg
Series/Report no.: Working Papers in Economics
Keywords: Carbon Pricing
Directed Technological Change
Heterogeneous Firms
Abstract: This paper examines the impact of carbon emissions trading schemes (ETS) on technical change proxied by the number of green patents in the context of the pilot ETS in China. I find a small increase of 0.16 patents per firm and year. A 10 percent increase in carbon prices increases green patents by 2 percent. The strongest effects are for the two regions in the upper range of carbon prices and for more productive firms. However, there are contrasting patterns at the extensive and intensive mar... more
ISSN: 1403-2465
Description: JEL Classification: Q54, Q55, O44, O33
Appears in Collections:Working papers



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