Which firms benefit from investments in green energy technologies? : The effect of energy costs
Stucki, T. (2019). Which firms benefit from investments in green energy technologies? : The effect of energy costs. Research Policy, 48 (3), 546-555. doi:10.1016/j.respol.2018.09.010
Published inResearch Policy
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© 2018 Elsevier B.V.
Firms will invest in green energy technologies only if these investments have an economic payoff. Based on unique firm-level data from Austria, Germany, and Switzerland, we find that the marginal effect of investments in green energy technologies on productivity is positive only for the 19% of firms with the highest energy costs. These results have major implications for companies and policy makers regarding the design of green energy policies and incentives.
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