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Titel
Ecological preferences and the carbon intensity of corporate investment / Michael Koetter, Felix Noth
VerfasserKoetter, Michael ; Noth, Felix
KörperschaftLeibniz-Institut für Wirtschaftsforschung Halle
ErschienenHalle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, February 2025
Umfang1 Online-Ressource (III, 24 Seiten, 2,43 MB) : Diagramme
Anmerkung
Literaturverzeichnis: Seite 22-24
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2025, no. 2 (February 2025)
URNurn:nbn:de:gbv:3:2-1123987 
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Ecological preferences and the carbon intensity of corporate investment [2.43 mb]
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Lowering carbon intensity in manufacturing is necessary to transform current production technologies. We test if local agents’ preferences revealed by vote shares for the Green party during local elections in Germany relate to the carbon intensity of investments in production technologies. Our sample comprises all investment choices made by manufacturing establishments from 2005-2017. Our results suggest that ecological preferences correlate with significantly fewer carbon-intensive investment projects while investments stimulating growth and reducing carbon emissions increase by 14 percentage points. Both results are more distinct in federal states where the Green Party enjoys political power and local ecological preferences are high.