Sustainable Investment and Corporate Governance Working Papers, Sustainable Investment Research Platform
No 2009/2:
Environmental policy and profitability. Evidence from Swedish industry
Runar Brännlund ()
and Tommy Lundgren ()
Abstract: The purpose of this paper is to investigate the existence
of a “Porter effect” using firm level data on output and inputs from
Swedish industry between 1990 and 2004. By utilizing a factor demand
modeling approach, and specifying a profit function which has a technology
component dependent upon firm specific effective tax on CO2, we are able to
separate out the effect of regulatory pressure on technological progress.
The results indicate that there is evidence of a reversed “Porter effect”
in most industrial sectors, specifically energy intensive industries.
Keywords: CO2 tax; factor demands; induced technological change; Porter argument; (follow links to similar papers)
35 pages, March 21, 2009
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