Photo Alienor Cameron

ALIENOR CAMERON

DOCTORANT(E)

Research group

    Transitions, Environnement, Énergie, Institutions, Territoires

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2024-26

Carbon intensity and corporate performance: A micro-level study of EU ETS industrial firms

Alienor Cameron, Maria Garrone

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Abstract
To reach its 2050 objective of carbon neutrality, the European Union (EU) must continue to step up its climate efforts, while ensuring the competitiveness of its industries is not harmed. The EU Emission Trading Scheme (ETS) is at the core of the bloc's industrial decarbonization efforts. This paper explores this topic by digging into whether there is a causal relationship between industrial firms' emission intensity and their economic and financial performance. We construct a dataset covering around 1,200 industrial firms covered by the EU ETS' third phase and estimate a novel indicator of volume-based emission intensities for these firms. Applying an IV approach to a within-firm panel model, we find that firms' emission intensity is negatively related to their corporate performance, and that this does not depend on the competitive environment they operate in.
Mot(s) clé(s)
EU ETS, heavy industry, emission intensity, corporate performance.
2022-1

The case for a Carbon Border Adjustment: Where do economists stand?

Marc Baudry, Alienor Cameron

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Abstract
On 14 July 2021, the European Commission formally adopted a proposal for a Carbon Border Adjustment Mechanism to mitigate the risk of carbon leakage caused by its increasingly ambitious environmental policies. There is a gap between the ways in which this issue is discussed in political spheres and the evidence provided by economic literature on it. The aim of this paper is to bridge this gap by presenting the context and policy debate surrounding carbon leakage and CBAs in the EU, reviewing the state of the economic literature on this topic, and discussing further research that is necessary to answer remaining policy concerns and unresolved research questions.
Mot(s) clé(s)
climate policy, carbon border adjustment, carbon leakage
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