On June 1, 2017, President Trump announced the United States' withdrawal from the Paris agreement on climate change. Despite this decision, American firms continued investing in low-carbon technologies and some states committed to tougher environmental standards. To understand this apparent paradox, this paper studies how a weakening of environmental standards affects the behavior of profit-maximizing firms. It finds that a relaxation of emission...
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详细
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2019/03/14
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政策研究报告
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WPS8781
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1
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1
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2019/03/14
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Disclosed
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Firms' and States' Responses to Laxer Environmental Standards
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Clean Technology