Take a ride on the (not so) green side: How do CDM projects affect Indian manufacturing firms’ environmental performance?
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2022
- ISIDORE Id: 10670/1.558350...
- halshs: halshs-03705780
- doi: 10.1016/j.jeem.2022.102684
- PII: S0095-0696(22)00054-7
- WOS: 000818583800001
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1016/j.jeem.2022.102684
http://creativecommons.org/licenses/by-nc/ , info:eu-repo/semantics/OpenAccess
Mots-clés
CDM projects CO2 emissions Firms’ environmental performance India Micro level data Carbon offsets D - Microeconomics/D.D2 - Production and Organizations/D.D2.D22 - Firm Behavior: Empirical Analysis Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q53 - Air Pollution • Water Pollution • Noise • Hazardous Waste • Solid Waste • Recycling Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q54 - Climate • Natural Disasters and Their Management • Global Warming Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q58 - Government PolicySujets proches
Businesses Firms Companies Enterprises Business organizations Organizations, BusinessCiter ce document
Jūratė Jaraitė et al., « Take a ride on the (not so) green side: How do CDM projects affect Indian manufacturing firms’ environmental performance? », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1016/j.jeem.2022.102684
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Résumé
This study examines the causal impacts of the Clean Development Mechanism (CDM) on the environmental performance of Indian manufacturing firms, as measured by their energy use, carbon dioxide (CO2) emissions, and intensities of CO2 emissions per sales and per energy use. The impacts of CDM projects are estimated using either two-way fixed-effect regressions or an estimator built for an event study with staggered treatment (Sun and Abraham, 2021) combined with a sample of ever-treated firms only or a sample comparing treated to never-treated control firms using semi-parametric matching. We found that CDM projects significantly increased firms’ CO2 emissions and energy use after treatment, but had no effect on CO2 emission intensity per sales and only a small negative effect on the CO2 content of energy use (only for the matched sample). These results reveal that CDM projects led to a positive scale effect (increased sales) after investments were made, and that these investments triggered a limited emission-reducing technique effect (decreased CO2 intensity).
