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Madaleno, M., Alves, M. R., Meireles, M. & Silva, Pablo (2024). EU ETS Impact on Companies Performance in Portugal: A Sector Analysis. In 2024 20th International Conference on the European Energy Market (EEM). (pp. 1-6). Istanbul, Turkiye: IEEE.

M. Madaleno et al.,  "EU ETS Impact on Companies Performance in Portugal: A Sector Analysis", in 2024 20th Int. Conf. on the European Energy Market (EEM), Istanbul, Turkiye, IEEE, 2024, pp. 1-6

@inproceedings{madaleno2024_1742351291551,
	author = "Madaleno, M. and Alves, M. R. and Meireles, M. and Silva, Pablo",
	title = "EU ETS Impact on Companies Performance in Portugal: A Sector Analysis",
	booktitle = "2024 20th International Conference on the European Energy Market (EEM)",
	year = "2024",
	editor = "",
	volume = "",
	number = "",
	series = "",
	doi = "10.1109/EEM60825.2024.10608993",
	pages = "1-6",
	publisher = "IEEE",
	address = "Istanbul, Turkiye",
	organization = ""
}

TY  - CPAPER
TI  - EU ETS Impact on Companies Performance in Portugal: A Sector Analysis
T2  - 2024 20th International Conference on the European Energy Market (EEM)
AU  - Madaleno, M.
AU  - Alves, M. R.
AU  - Meireles, M.
AU  - Silva, Pablo
PY  - 2024
SP  - 1-6
SN  - 2165-4077
DO  - 10.1109/EEM60825.2024.10608993
CY  - Istanbul, Turkiye
AB  - The main goal of this study is to evaluate the influence
of the European Union Emissions Trading System (EU ETS) on
the Financial Performance of Portuguese firms and to assess its
effectiveness in changing firms’ environmental behavior.
Empirically, it intends to test how Portuguese companies are
financially impacted by the EU ETS system. To this end, a simple
panel model was initially estimated for the period between 2012
and 2020 for the Portuguese companies using the European
Commission's and SABI´s (Iberian Balance Sheet Analysis
System) databases. Special emphasis is provided by the economic
activity sector. Afterward, a generalized method of moments
(GMM) estimations was performed. From the results, it was
possible to observe that the impact of EU ETS is limited, albeit
with a negative effect on the profitability of companies, as it tends
to reduce emissions, and these are positively related to the firm’s
profits. Furthermore, the results show evidence that technology
policy has become an important part of the policy portfolio that
complements climate policy. Based on these findings, the paper
provides some advice for policymakers on how to improve the
existing policy portfolio.
ER  -