Title

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

Document Type

Article

Language

eng

Format of Original

10 p.

Publication Date

3-2013

Publisher

Elsevier

Source Publication

Energy Economics

Source ISSN

0140-9883

Original Item ID

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%.

Comments

Energy Economics, Vol. 36 (March 2013): 205-214. DOI.