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Energy Investment Tax Credits & Environmental Outcomes: Evidence from Electric Utilities
Energy Investment Tax Credits & Environmental Outcomes: Evidence from Electric Utilities
The Investment Tax Credit (“ITC”) is an essential part of U.S. policymakers’ strategy to encourage investment in clean energy. We investigate the effect of Investment Tax Credits on firms’ electricity generation and emissions with a sample of electric utilities from 2001-2022. Using a stacked cohort difference-in-differences design, we find that firms generate less electricity from […]
