Using the November 2017 EU Emissions Trading System reform, which pushed permit prices from about 5 to 20 euros per tonne, and loan-level data from the Italian Credit Registry, this paper asks whether …
PublishedAmerican Economic ReviewPublished Aug 2026
This paper asks how rate-of-return (RoR) regulation in U.S. electricity markets affects the speed and efficiency of energy transitions, specifically the transition from coal to combined-cycle natural …