Webinars in Economics of Environment, Energy and Transports

Webinars in Economics of Environment, Energy and Transports

10 November at 4pm on Zoom and has a duration of 60 minutes, with questions at the end. 

In order to attend the webinar, registration is mandatory. Please use the following link to access the registration form

Oliwia Kurtyka (Grenoble INP)

Take a ride on the green side: How do CDM projects affect Indian manufacturing firms’ environmental performance?

with Jurate Jaraite and Hélène Ollivier


This study examines the causal impacts of the Clean Development Mechanism (CDM) on the environmental performance of Indian manufacturing firms, as measuredby their energy use, carbon dioxide (CO2) emissions and respective intensities. The impacts of CDM projects are estimated by combining statistical matching with the difference-in-differences approach. We find that CDM projects significantly reduced firms’ CO2 emission intensity and energy intensity, but had no effect on total CO2 emissions. These results reveal that CDM projects led to an emission-reducing technique effect and to a positive scale effect (increased sales), and that the latter effect muted the impacts of the former. One of the channel of the technique effect rests on participating firms increasingly generating their electricity on site and relying more on renewable energies. Our results suggest that CDM projects improved firms’ environmental performance, even though firm-level absolute CO2 emissions did notdeclined.


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