The project, “The effect of climate policy and financing on firms’ green transition,” is part of a broader research agenda on Productivity and the Climate Transition led by MISUM Affiliates Per Strömberg (SSE), Christian Thomann (KTH) and Gustav Martinsson (SU). 

The project examines how climate policy and financial markets can support the transition to a more sustainable economy. Using detailed microdata, the team will study how carbon pricing and other abatement regulations influence firms’ investment, production and financing decisions, as well as impacts on biodiversity. The project also includes the development of a web-based infrastructure to provide policymakers and macro-modelers with high-quality estimates of industry responses to climate regulation. 

Read more about the team’s work:

• Martinsson, G., Sajtos, L., Strömberg, P., & Thomann, C. (2024). The effect of carbon pricing on firm emissions: Evidence from the Swedish CO₂ tax. Review of Financial Studies, 37(6), 1848–1886. 

• Brown, J. R., Martinsson, G., & Thomann, C. (2022). Can environmental policy encourage technical change? Emissions taxes and R&D investment in polluting firms. Review of Financial Studies, 35(10), 4518–4560. 

• Martinsson, G., Strömberg, P., & Thomann, C. J. (2024). Climate policy and firm efficiency: Lessons from the trucking industry. Available at SSRN. 

• Brown, J. R., Martinsson, G., Strömberg, P., & Thomann, C. (2024). Carbon Pricing and Investment. Working Paper.