The purpose of this study is to identify whether an innovative company’s likelihood of facing financial constraints is different when the company possesses a public procurement contract (PP). Theory suggests that the treatment effects of public procurement, particularly when mediated by the demand-pull effect, may lower a company’s funding constraints for innovation. We test this theory and apply extended ...
The shift to climate neutrality requires new process technologies for energy-intensive industries, such as steel, chemicals, or cement. A variety of technology options exist – but they face the challenges of (i) first-of-kind costs, (ii) higher operation and investment costs, and (iii) insufficient and uncertain carbon prices, which partly stem from political uncertainty. Existing innovation policy ...
Green public procurement has gained high political priority and is argued to be an effective demand-side policy to trigger environmental innovations. However, the empirical evidence on its innovation impact is limited. We construct a novel firm-level dataset to investigate the effect of winning public procurement tenders with additional environmental award criteria on firms’ introduction of environmental ...
We review the state of knowledge concerning international CO2 emission transfers associated particularly with trade in energy-intensive goods and concerns about carbon leakage arising from climate policies. The historical increase in aggregate emission transfers from developing to developed countries peaked around 2006 and declined since. Studies find no evidence that climate policies lead to carbon ...
Methane is the second-largest contributor to global warming due to anthropogenic greenhouse gas emissions. Reducing anthropogenic methane emissions quickly can significantly reduce global warming within just a few decades. The oil and gas sector is responsible for almost 20% of anthropogenic methane emissions. Yet, there are hardly any policies in place that address oil and gas sector methane emissions. ...
Changing political conditions in Mexico threatens the future of clean energy inthe country. A competitive electricity market and ambitious environmental goalswere among the priorities of the previous administration, but the current administrationaims to increase revenues from the national power company and acquirecontrol of the electricity market at the expense of consumer welfare and the environment.In ...
Industrialized countries and emerging economies must cooperate in order to decarbonize the emissions-intensive industrial sector and to limit global warming to 1.5 degrees Celsius. While Germany and the other G7 countries have committed to supporting emerging economies in their efforts to combat climate change via international climate finance, it remains to be seen how this support can be implemented ...