Assessing the impact of the EU ETS using firm level data

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Why does emissions trading under the EU Emissions Trading System (ETS) not affect firms’ competitiveness? Empirical findings from the literature (2018, background): “Abrell et al. (2011) empirically analyse manufacturing firms across the entire EU comparing regulated firms to firms from all non-regulated sectors. Their results show no statistically significant effects of the EU ETS on firms’ value added or profit margins. Still, for employment they detect a smal”
Did the EU ETS Make a Difference? An Empirical Assessment Using Lithuanian Firm-Level Data (2016, unknown): “Finally, Abrell, Faye, and Zachmann (2011), use CITL data to test whether the EU ETS induced acceleration in emissions reductions, and ﬁnd some evidence to the positive.”
The Impacts of Environmental Regulations on Competitiveness (2017, background): “Abrell et al. (2011) also found ambiguous impacts on employment in the cement sector.”
Carbon Leakage and Competitiveness of Cement and Steel Industries Under the EU ETS: Much Ado About Nothing (2016, methodology): “Zachman et al. (2011), using ﬁrm level panel data and a matching procedure between regulated and unregulated ﬁrms, found no evidence that the ETS affected companies’ proﬁts.”