Environmental regulation and productivity

We exploit several data sources and measure the stringency of transition policies with the OECD environmental policy stringency index. By using panel local projections, we estimate the regulatory impact over a five-year horizon. The identification of causal impacts of regulatory changes is achieved by the estimation of firms’ CO2 emissions via a machine learning algorithm. We find that policy tightening affects high polluters’ productivity negatively and to a larger extent than their less-polluting peers. However, patents for green technology also increase significantly so we expect productivity growth to pick up over the longer term.

Paloma will be present at the bank on 18 April and there are several slots for a meeting with her. Please contact us at [email protected] if you are interested. This is not just a polite phrase; we very much invite you or any of your colleagues to make use of this opportunity.

Whilst we encourage your physical presence, we also offer the possibility to follow the seminar online via Teams. Please send an email to [email protected] to obtain the link.

For those who wish to attend in person, we would like to emphasise that, for security reasons, you will need to register with [email protected] by 16:00 on Wednesday, 17 April. Please mention in your email the number plate of your car, if you plan to drive to the Bank. The entrance to our car park is located at 41 Rue Montagne aux herbes potagères. Kindly note that if you do not register in advance, you will not be admitted to the seminar. You will receive a personalised badge at the entrance. We recommend arriving at least 10 minutes prior to the start of the seminar. Thank you for your understanding.

Donderdag 18 april 2024, 15:00 - 16:30
National Bank Belgium, KU Leuven, UAntwerpen, UCLouvain, UGent, ULB, ULiège, UNamur and VUB
Paloma Lopez-Garcia (European Central Bank)
Room A1 of the auditorium, entrance: rue Montagne aux Herbes potagères 61, Brussels