publication . Other literature type . Preprint . 2006

Do Voluntary Pollution Reduction Programs (VPRs) Spur Innovation in Environmental Technology

Carrion-Flores, Carmen E.; Innes, Robert; Sam, Abdoul G.; Carrion-Flores, Carmen E.; Innes, Robert; Sam, Abdoul G.;
English
  • Published: 01 Jan 2006
  • Publisher: Unknown
Abstract
In the context of the EPA's 33/50 program, we study whether a VPR can prompt firms to develop new environmental technologies that yield future emission reduction benefits. Because pollutant reductions generally require costly reformulations of products and/or production processes, environmental over-compliance induced by a VPR may potentially spur environmental innovation that can reduce these costs. Conversely, a VPR may induce a participating firm to divert resources from environmental research to environmental monitoring and compliance activities that yield short-term benefits in reduced emissions. We find evidence that higher rates of 33/50 program participa...
Subjects
free text keywords: Research and Development/Tech Change/Emerging Technologies,, Research and Development/Tech Change/Emerging Technologies
Related Organizations
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