Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Emissions trading: the EU ETS Location: Auditorium D: Anna Mette Pagaard Fuglseth Session Chair: Bas Gorrens, KU Leuven | |
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The Hidden Trade Impacts of the EU ETS: Insights from Italian Firms 1: Toulouse School of Economics; 2: INRAE; 3: University of Naples Federico II, Italy; 4: Bank of Italy; 5: WU Wien This paper investigates the economic impacts of increased stringency in unilateral climate policy on international trade, using the policy change of phase III of the EU Emission Trading System (EU ETS). The transition from grandfathering to auctioning affected firms heterogeneously across sectors. The study analyzes trade data from Italian firms and finds no evidence of pass-through in trade prices, suggesting that firms do not shift regulatory costs to foreign customers or rely on cheaper imported inputs. The policy change led to increased export volumes, particularly to extra-EU ETS countries, with no significant price adjustments. The extensive margin analysis reveals an increase in the probability of importing from intra and extra-EU ETS countries and exporting to extra-EU ETS countries, suggesting evidence of offshoring (or outsourcing) behaviour. | |