气候变化领域集成服务门户(CCPortal): Do firms respond differently to the carbon pricing by industrial sector? How and why? A comparison between manufacturing and electricity generation sectors using firm-level panel data in Korea

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DOI	10.1016/j.enpol.2021.112773
	Do firms respond differently to the carbon pricing by industrial sector? How and why? A comparison between manufacturing and electricity generation sectors using firm-level panel data in Korea
	Kim P.; Bae H.
发表日期	2022
ISSN	0301-4215
卷号	162
英文摘要	With firm-level panel data for seven years, this study evaluated the effect of carbon pricing policy and analyzed how firms respond to the carbon price, focusing on Korea's Emission Trading Scheme (ETS). Under the assumption that firms' responses to the carbon price might differ across industries, this study compared the manufacturing and electricity generation sectors. Our panel regression analyses show that the ETS has significant impacts on firms' carbon reduction. However, the carbon reduction mechanisms of firms differ by industrial sector. Firms in the manufacturing sector reduced carbon emissions by improving the energy efficiency of their facilities. On the other hand, those in the electricity generation sector reduced emissions by phasing out the use of fossil fuels and by giving more weight to low carbon-intensive energy sources. These findings imply that carbon pricing works as designed, sending economic signals for firms to decarbonize their economic activities. Furthermore, it works differently (and so effectively) according to the industry's characteristics. © 2022 Elsevier Ltd
英文关键词	Carbon pricing; Climate change policy; Emission trading scheme (ETS); Market-based regulation
语种	英语
scopus关键词	Carbon; Climate change; Commerce; Costs; Electric power generation; Energy efficiency; Fossil fuels; Regression analysis; Carbon price; Carbon pricing; Carbon reduction; Climate change policies; Electricity generation sectors; Emission trading scheme; Emissions Trading Scheme; Industrial sector; Market-based regulation; Panel data; Manufacture; climate change; comparative study; economic activity; electricity generation; emissions trading; environmental economics; industrial emission; industrial production; manufacturing; market conditions; pollution tax; Korea
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256359
作者单位	School of Economic, Political, and Policy Sciences, University of Texas at Dallas, 800 W Campbell Rd, Richardson, TX 75080, United States; Department of Public Administration, Yonsei University, 134 Sinchon-Dong, Seodaemun-Gu, Yonhee Hall 213, Seoul, South Korea
推荐引用方式 GB/T 7714	Kim P.,Bae H.. Do firms respond differently to the carbon pricing by industrial sector? How and why? A comparison between manufacturing and electricity generation sectors using firm-level panel data in Korea[J],2022,162.
APA	Kim P.,&Bae H..(2022).Do firms respond differently to the carbon pricing by industrial sector? How and why? A comparison between manufacturing and electricity generation sectors using firm-level panel data in Korea.Energy Policy,162.
MLA	Kim P.,et al."Do firms respond differently to the carbon pricing by industrial sector? How and why? A comparison between manufacturing and electricity generation sectors using firm-level panel data in Korea".Energy Policy 162(2022).