The impact of the European Union emissions trading system on carbon dioxide emissions: a matrix completion analysis.

ABSTRACT: Despite the negative externalities on the environment and human health, today's economies still produce excessive carbon dioxide emissions. As a result, governments are trying to shift production and consumption to more sustainable models that reduce the environmental impact of carbon dioxide emissions. The European Union, in particular, has implemented an innovative policy to reduce carbon dioxide emissions by creating a market for emission rights, the emissions trading system. The objective of this paper is to perform a counterfactual analysis to measure the impact of the emissions trading system on the reduction of carbon dioxide emissions. For this purpose, a recently-developed statistical machine learning method called matrix completion with fixed effects estimation is used and compar

SUBMITTER: Biancalani F 

PROVIDER: S-EPMC11344813 | biostudies-literature | 2024 Aug

REPOSITORIES: biostudies-literature