About this event
We study a one-billion-euro investment subsidy program aimed at fostering biomass-based energy adoption in manufacturing. Leveraging rich data on eleven cohorts of subsidized projects, we show that subsidies cause clean investment to increase, fossil fuel consumption to decrease and biomass consumption to increase. Yearly plant-level CO2 emissions decrease by 31%, while activity remains unchanged. Because some beneficiaries are part of the EUETS, aggregate gains from the program are lower; overall, an abated ton of CO2 costs between 22 and 66 euros. Many selected projects are eventually abandoned, which can partly be explained by energy price shocks.
Participants are expected to adhere to the Events Code of Conduct.
This event will take place in SAL 2.04, 2nd Floor Conference Room, Sir Arthur Lewis Building, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH.
The building is labelled
SAL
on the map. Enter the building via Lincoln's Inn Fields.
LSE Campus Map