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EU Emissions Trading: Policy-Induced Innovation, or Business as Usual? Findings from Company Case Studies in the Republic of Croatia
Radni materijali EIZ-a, (2017), 5; 5-63. urn:nbn:hr:213:244407
Larsson, Martin

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Larsson, M. (2017). EU Emissions Trading: Policy-Induced Innovation, or Business as Usual? Findings from Company Case Studies in the Republic of Croatia. Radni materijali EIZ-a, (5), 5-63. Retrieved from https://urn.nsk.hr/urn:nbn:hr:213:244407

Larsson, Martin. "EU Emissions Trading: Policy-Induced Innovation, or Business as Usual? Findings from Company Case Studies in the Republic of Croatia." Radni materijali EIZ-a, no. 5, 2017, pp. 5-63. https://urn.nsk.hr/urn:nbn:hr:213:244407

Larsson, Martin. "EU Emissions Trading: Policy-Induced Innovation, or Business as Usual? Findings from Company Case Studies in the Republic of Croatia." Radni materijali EIZ-a no. 5 (2017): 5-63. https://urn.nsk.hr/urn:nbn:hr:213:244407

Larsson, M. (2017) 'EU Emissions Trading: Policy-Induced Innovation, or Business as Usual? Findings from Company Case Studies in the Republic of Croatia', Radni materijali EIZ-a, (5), pp. 5-63. Available at: https://urn.nsk.hr/urn:nbn:hr:213:244407 (Accessed 21 September 2024)

Larsson M. EU Emissions Trading: Policy-Induced Innovation, or Business as Usual? Findings from Company Case Studies in the Republic of Croatia. Radni materijali EIZ-a [Internet]. 2017 October 19 [cited 2024 September 21];(5):5-63. Available at: https://urn.nsk.hr/urn:nbn:hr:213:244407

M. Larsson, "EU Emissions Trading: Policy-Induced Innovation, or Business as Usual? Findings from Company Case Studies in the Republic of Croatia", Radni materijali EIZ-a, no. 5, pp. 5-63, October 2017. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:213:244407. [Accessed: 21 September 2024]

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Metadata
Title (english)EU Emissions Trading: Policy-Induced Innovation, or Business as Usual? Findings from Company Case Studies in the Republic of Croatia
Title (croatian)Trgovina emisijama u Europskoj uniji: Potiču li klimatske politike inovacije? Studija slučaja hrvatskih poduzeća
AuthorMartin Larsson
Author's institutionThe Institute of Economics, Zagreb
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The European Union Emissions Trading Scheme (EU ETS), while primarily designed to reduce greenhouse gas emissions in an effective and efficient way, is supposed to serve as an instrument promoting investments in clean, low-carbon technologies by way of incentivizing associated innovation activity. Since empirical results concerning the instrument´s capacity of reaching this secondary policy goal are rare, this paper examines the innovation impact of the EU ETS among emissions-intensive companies in the Republic of Croatia. To this end the effects of the instrument on research, development and demonstration (RD&D), adoption, and organizational change are examined. The study accounts for the impacts of various context factors, including firm-external and firm-internal variables. The empirical analysis employs a multiple case study approach. While findings support the assertion that policy-induced innovation effects arise from the pricing of carbon, the innovation-fostering capacity of the instrument remains limited due to continued low levels of policy stringency and predictability. Long-term expectations of market actors appear to play a decisive role in decisions surrounding innovation activity, suggesting that signals of policy commitment are highly influential.
Abstract (croatian)
Program trgovanja emisijskim jedinicama u Europskoj uniji (EU ETS), iako je razvijen prvenstveno s ciljem efektivnog i efikasnog smanjenja emisije stakleničkih plinova, koristi se kao alat kojim se potiču investicije u ekološki čiste tehnologije s niskim emisijama ugljičnog dioksida, promicanjem srodnih inovacijskih aktivnosti. Budući da postoje rijetki empirijski podaci o uspješnosti ovog alata u postizanju tog sekundarnog cilja, ovim se radom istražuje utjecaj programa EU ETS na inovacije u hrvatskim poduzećima s velikim emisijama stakleničkih plinova. Analiziraju se učinci ovog alata na aktivnosti istraživanja, razvoja i demonstracije (RD&D), usvajanja tehnologija i organizacijske promjene. Istraživanje uzima u obzir razne kontekstualne faktore koji utječu interno i eksterno na poduzeće, odnosno interne i vanjske varijable. Empirijska analiza provodi se metodom višestruke studije slučaja. Dok rezultati potvrđuju da na inovacijski učinak utječe cijena ugljika, učinak u smislu promicanja inovacija ostaje ograničen zbog nedovoljno strogih i predvidljivih politika. Dugoročna očekivanja sudionika na tržištu igraju veliku ulogu kod donošenja odluka o inovacijskim aktivnostima, što sugerira da je dosljednost u provođenju politika od velike važnosti.
Keywords (english)
Keywords (croatian)
Languageenglish
Publication typeScientific paper - Other
Publication statusPublished
Peer reviewPeer review
Publication versionDraft version
Journal titleRadni materijali EIZ-a
Numberingno. 5, pp. 5-63
e-ISSN1847-7844
URN:NBNurn:nbn:hr:213:244407
Publication2017-10-19
Document URLhttps://hrcak.srce.hr/187798
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2018-03-22 08:49:44