Industrial consequences of carbon pricing
Understanding the macroeconomic implications of putting a price on carbon
Climate change is one of the greatest challenges facing the world today. While carbon pricing is an effective method of reducing carbon emissions, its impact on industries and society is not clear yet. This research aims to identify the effects of carbon pricing on indicators such as production, employment, energy consumption and environmental-protection investments by studying firm-level data from Le comité du Secret Statistique, the French administrative authority. The observations from the research will help in creating effective carbon policies that take into account the possible adverse impacts of carbon pricing.