Environnement
Assessing the Economic Impacts of Environmental Policies
Evidence from a Decade of OECD Research
Over the past decades, governments have gradually adopted more rigorous environmental
policies to tackle challenges associated with pressing environmental issues, such
as climate change. The ambition of these policies is, however, often tempered by their
perceived negative effects on the economy. The empirical evidence in this volume –
covering a decade of OECD analysis – shows that environmental policies have had relatively
small effects on economic outcomes such as employment, investment, trade and productivity.
At the same time, they have been effective at reducing emissions from industry. The
policies can however generate winners and losers across firms, industries and regions:
while the least productive firms from high-polluting sectors are adversely affected,
more productive firms and low-pollution sectors benefit. Environmental policies can
be designed and combined with other policies to compensate workers and industries
that may lose and to emphasise their positive impacts.
Published on May 17, 2021
TABLE OF CONTENTS
| Foreword | |
| Executive Summary | |
| The economic impacts of environmental policies: Key findings and policy implications | |
| Productivity growth, environmental policies and the Porter Hypothesis | |
| Firm employment, energy prices and environmental policy stringency | |
| Induced investment through environmental policies | |
| Foreign direct investment and energy prices | |
| Global value chains, environmental policies, and the Pollution Haven hypothesis | |
| The European Union Emissions Trading System and its economic and environmental impacts | |
| The joint effects of energy prices and carbon taxes in the French manufacturing sector | |
| Impacts of energy prices on economic and environmental performance in the Indonesian manufacturing sector |
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