This thesis examines the environmental effect of the European Union Emissions Trading Scheme (EU ETS) in the Czech Republic. Specifically, the impact of the EU ETS on CO2 emissions, carbon-fuel intensity and carbon intensity of production (measured by revenues) is analysed on installation-level financial, environmental and energy data throughout all three phases of the EU ETS over 2005 - 2019. The difference-in-differences approach with propensity score matching is used to infer the causal effect of the regulation. We find no effect of the EU ETS on carbon emissions and carbon intensities in the Czech Republic. This finding holds for various model specifications and different approaches we utilised. In the end, we discuss possible reasons why the EU ETS might not lead to any significant effect in the Czech Republic. JEL Classification O13, F18, Q54, Q58, H23, D22 Keywords EU ETS, environmental regulation, propen- sity score matching, difference-in-differences, the Czech Republic Title The impact of the EU ETS in the Czech Repub- lic
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:451249 |
| Date | January 2021 |
| Creators | Tomášková, Lenka |
| Contributors | Ščasný, Milan, Janda, Karel |
| Source Sets | Czech ETDs |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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