Major research grant awarded to project on productivity and climate transitions

A research team with members from INDEK/KTH, SSE and Stockholm University in collaboration with the Research Department of The central bank of Sweden, has been awarded research grant of SEK 19.6 million (approximately €1.79 million) from the Swedish government agency FORMAS .

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 Per Strömberg, Gustav Martinsson and Christian Thomann (Associate Professor of Corporate Finance at INDEK, KTH) .
 

The project aims to improve traditional finance flows to support sustainable climate and biodiversity transformation by quantifying how carbon pricing and other abatement regulations affect corporate investment, production, financing decisions and biodiversity using detailed microdata, and build a web infrastructure that provides 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 . The 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 . The 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.