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Stange, Johanna, 2022. The impact of the EU Emissions Trading System on oil consumption in Europe : an empirical analysis based on a DDD model. Second cycle, A2E. Uppsala: SLU, Dept. of Economics



Whether the emissions trading scheme (ETS) can achieve energy conservation reduction in
European countries is crucial for these countries to achieve sustainable economic and environmental
development. This study investigates the oil and petroleum products conservation effects of the
European Union’s permit trading policy implemented in 2005. Using country-level panel data of
different sectors from 1995 to 2019, we apply the difference-in-difference-in-difference (DDD)
model to examine the effects on oil consumption. In addition, we investigate the drivers of oil
consumption in the agricultural sector, as oil is the dominant energy source in global and European
agriculture. Based on the results, we derive recommendations for policy makers on how to limit the
consumption of oil as a fossil fuel, particularly in agricultural markets.

Main title:The impact of the EU Emissions Trading System on oil consumption in Europe
Subtitle:an empirical analysis based on a DDD model
Authors:Stange, Johanna
Supervisor:Kyriakopoulou, Efthymia
Examiner:Hart, Robert
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:1483
Year of Publication:2022
Level and depth descriptor:Second cycle, A2E
Student's programme affiliation:NM030 Agricultural, Food and Environmental Policy Analysis (AFEPA) - Master's Programme, 120.0hp
Supervising department:(NL, NJ) > Dept. of Economics
Keywords:EU Emissions Trading System, oil conservation, DDD model, agricultural oil consumption
Permanent URL:
Subject. Use of subject categories until 2023-04-30.:Economics and management
Deposited On:24 Nov 2022 09:36
Metadata Last Modified:25 Nov 2022 02:04

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