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Energy efficiency-enhancing policies and firm performance: Evidence from the paper and glass industries in Italy

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  • Caragliu, Andrea

Abstract

This paper presents an empirical analysis of the impact of adopting energy efficiency measures, labeled “White Certificates”, on the economic performance of companies active in the paper and glass sector in Italy. White Certificates, launched in 2005, represent the longest-lasting and effective policy tool to stimulate energy efficiency, in particular for the manufacturing industry.

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  • Caragliu, Andrea, 2021. "Energy efficiency-enhancing policies and firm performance: Evidence from the paper and glass industries in Italy," Energy Policy, Elsevier, vol. 156(C).
    • Handle: RePEc:eee:enepol:v:156:y:2021:i:c:s0301421521002858
    DOI: 10.1016/j.enpol.2021.112415
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    1. Giacomo Di Foggia & Massimo Beccarello & Marco Borgarello & Francesca Bazzocchi & Stefano Moscarelli, 2022. "Market-Based Instruments to Promote Energy Efficiency: Insights from the Italian Case," Energies, MDPI, vol. 15(20), pages 1-16, October.
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    4. Furszyfer Del Rio, Dylan D. & Sovacool, Benjamin K. & Griffiths, Steve & Bazilian, Morgan & Kim, Jinsoo & Foley, Aoife M. & Rooney, David, 2022. "Decarbonizing the pulp and paper industry: A critical and systematic review of sociotechnical developments and policy options," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    5. Dong Le & Fei Ren & Yusong Li, 2023. "The Effect of Energy Use Rights Trading Policy on Environmental Performance: Evidence from Chinese 262 Cities," IJERPH, MDPI, vol. 20(4), pages 1-19, February.
    6. Halleck Vega, Solmaria & van Leeuwen, Eveline & van Twillert, Nienke, 2022. "Uptake of residential energy efficiency measures and renewable energy: Do spatial factors matter?," Energy Policy, Elsevier, vol. 160(C).
    7. Schulz, Felix & Rode, Johannes, 2022. "Public charging infrastructure and electric vehicles in Norway," Energy Policy, Elsevier, vol. 160(C).
    8. Abudureheman, Maliyamu & Jiang, Qingzhe & Dong, Xiucheng & Dong, Cong, 2022. "Spatial effects of dynamic comprehensive energy efficiency on CO2 reduction in China," Energy Policy, Elsevier, vol. 166(C).
    9. Safarzadeh, Soroush & Hafezalkotob, Ashkan & Jafari, Hamed, 2022. "Energy supply chain empowerment through tradable green and white certificates: A pathway to sustainable energy generation," Applied Energy, Elsevier, vol. 323(C).
    10. Rizzati, Massimiliano & De Cian, Enrica & Guastella, Gianni & Mistry, Malcolm N. & Pareglio, Stefano, 2022. "Residential electricity demand projections for Italy: A spatial downscaling approach," Energy Policy, Elsevier, vol. 160(C).
    11. Saeed A. Al-Haidan & Alaa M. S. Azazz & Ibrahim A. Elshaer, 2022. "Social Disconnectedness and Career Advancement Impact on Performance: The Role of Employees’ Satisfaction in the Energy Sector," Energies, MDPI, vol. 15(7), pages 1-16, April.
    12. Otrachshenko, Vladimir & Hartwell, Christopher A. & Popova, Olga, 2023. "Energy efficiency, market competition, and quality certification: Lessons from Central Asia," Energy Policy, Elsevier, vol. 177(C).
    13. Hoicka, Christina E. & Conroy, Jessica & Berka, Anna L., 2021. "Reconfiguring actors and infrastructure in city renewable energy transitions: A regional perspective," Energy Policy, Elsevier, vol. 158(C).
    14. Feng Wang & Tayyaba Rani & Asif Razzaq, 2023. "Environmental impact of fiscal decentralization, green technology innovation and institution’s efficiency in developed countries using advance panel modelling," Energy & Environment, , vol. 34(4), pages 1006-1030, June.
    15. Kenneth Kigundu Macharia & Dianah Ngui & John Kamau Gathiaka, 2022. "Effects of Energy Efficiency on Firm Productivity in Kenya’s Manufacturing Sector," Journal of Sustainable Development, Canadian Center of Science and Education, vol. 15(3), pages 1-90, May.
    16. Marmolejo-Duarte, Carlos & Onecha-Pérez, Belén, 2021. "The spatial uneven difussion of energy-efficiency transparency policy. An analysis of the multi-family market in Barcelona," Energy Policy, Elsevier, vol. 156(C).

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    More about this item

    Keywords

    Energy efficiency; Spatial spillovers; Geographical proximity; Relational proximity; Social proximity; Technological proximity; Firm productivity;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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