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Voluntary Agreements and CO2 Reduction - An empirical Assessment of German Industries

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  • Parlow, Anton
  • Hövelmann, Dennis

Abstract

Using data on 57 German industries we find that industries participating in voluntary agreements reduce their CO2-emissions up to 30% compared to industries not participating in voluntary agreements for the period 1995 to 2010. The success of these agreements can be explained by a credible threat of the regulatory agency to impose taxes.

Suggested Citation

  • Parlow, Anton & Hövelmann, Dennis, 2014. "Voluntary Agreements and CO2 Reduction - An empirical Assessment of German Industries," MPRA Paper 59972, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59972
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    References listed on IDEAS

    as
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    2. Rezessy, Silvia & Bertoldi, Paolo, 2011. "Voluntary agreements in the field of energy efficiency and emission reduction: Review and analysis of experiences in the European Union," Energy Policy, Elsevier, vol. 39(11), pages 7121-7129.
    3. Lyon, Thomas P. & Maxwell, John W., 2003. "Self-regulation, taxation and public voluntary environmental agreements," Journal of Public Economics, Elsevier, vol. 87(7-8), pages 1453-1486, August.
    4. Abeelen, Christiaan & Harmsen, Robert & Worrell, Ernst, 2013. "Implementation of energy efficiency projects by Dutch industry," Energy Policy, Elsevier, vol. 63(C), pages 408-418.
    5. Grepperud, Sverre, 2002. "Voluntary environmental agreements: bargaining over more than emissions," European Journal of Political Economy, Elsevier, vol. 18(3), pages 545-559, September.
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    More about this item

    Keywords

    Voluntary Agreements; CO2-Emissions; Industries;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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