Title

Environmental Performance of State-Owned and Privatized Eastern European Energy Utilities

Document Type

Article

Publication Date

2013

Publication Title

Energy Economics

Volume Number

36

DOI

10.1016/j.eneco.2012.08.019

Abstract

Privatization in Eastern Europe has helped in the transition of the region's economies from planned to free market. However, the effects of privatization on the environment are relatively unknown and many firms remain under state ownership today. We compare the environmental performance of state-owned and privatized energy utility plants in Eastern Europe utilizing a novel panel data that includes reported sulfur dioxide emissions, energy input, and ownership status. We find that state-owned plants emit more sulfur dioxide than privately owned plants; this is environmentally significant as privatization is associated with a reduction in emissions of about 55%.

ISSN

0140-9883

First Page

205

Last Page

214

Link Out URL

https://doi.org/10.1016/j.eneco.2012.08.019

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