Publication type: Conference paper
Type of review: Peer review (publication)
Title: The impact of the Swiss climate policy instruments on the energy consumption and greenhous gas emissions in the industry and the service sector : evidence from an ex-post evaluation of microdata
Authors: Leu, Thomas
et. al: No
Conference details: IEPPEC 2018 : International Energy Policy & Programme Evaluation Conference, Vienna (Austria), 25-27 June 2018
Issue Date: 2018
Language: English
Subject (DDC): 333.79: Energy
Abstract: This paper empirically evaluates the impact of the Swiss climate policy mix introduced in 2008 on the energy consumption and greenhouse gas emissions of firms in the service and industry sector. These sectors contribute roughly to 35% of the final energy consumption and 30% of the emissions. To achieve the 2020 emission targets, the Swiss government employs various policy measures, including price-based instruments, such as emissions trading and the CO2 levy, and non-price-based instruments, such as binding emission targets or building codes. Emission trading is mandatory for companies passing a certain emission threshold. Other measures are optional and allow for an exemption of the levy. The impact of these energy policies on energy consumption is tested, using a representative sample of more than 22,000 firms in Switzerland, ranging from 1999 to 2016. Panel data regression models are applied in order to identify time-varying policy effects, such as increasing CO2 taxes, and to isolate them from time-independent, unobserved firm-specific factors. Time trends allow us to capture technological progress. Controlling for other effects including heating degree-days or the growth rate of the economy, we conclude that Switzerland's energy and climate policy has a significant impact on the energy consumption in the industry and service sector. The paper contributes to the literature on energy and associated greenhouse gas mitigation with its analysis of the effects of introducing multiple climate instruments on Swiss firms. Our results can assist governments to design and adjust policy instruments in order to meet the 2030 Paris goals.
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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