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The School carries out applied research with the purpose of developing economically, legally, and socially-sound regulation and policy, using a multidisciplinary approach.

A study on the relevance of consumer rights and protections in the context of innovative energy-related services

Building on technological development, changes in consumer preferences, and an evolving legal framework, old and new market players are providing consumers (i.e., residential customers)...

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Cross-border solidarity versus national capacity markets : risk of inadequate capacity procurement
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Reflections on climate resilient tourism : evidence for the EU ETS-2 and voluntary carbon markets
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The Lights on Women initiative promotes, trains and advocates for women in energy, climate and sustainability, boosting their visibility, representation and careers.

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Article

Outward foreign direct investments patterns of Italian firms in the EU ETS

We consider the role played by the EU Emission Trading System (EU ETS) as a possible driver of outward Foreign Direct Investments (FDI) for Italian manufacturing firms. Using a panel dataset of about 22,000 firms covering the first two phases of the EU ETS and the pre-EU ETS period, we measure the patterns of FDI towards countries not covered by EU ETS. Results show that the EU ETS had a weak effect on the number of new subsidiaries abroad (extensive margin), while it had a larger impact on production taking place in foreign subsidiaries (intensive margin), especially in trade-intensive sectors.

BORGHESI, Simone; DE FRANCO, Chiara; MARIN, Giovanni, Outward foreign direct investments patterns of Italian firms in the EU ETS, The Scandinavian journal of economics, 2020, Vol. 122, No. 1, pp. 219-256 - hdl.handle.net

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