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Environmental policies not always bad for business, study finds

February 22, 2021
Critics claim environmental regulations hurt productivity and profits, but the reality is more nuanced, according to an analysis of environmental policies in China by a pair of Cornell economists.
The analysis found that, contrary to conventional wisdom, market-based or incentive-based policies may actually benefit regulated firms in the traditional and “green” energy sectors, by spurring innovation and improvements in production processes. Policies that mandate environmental standards and technologies, on the other hand, may broadly harm output and profits.
“The conventional wisdom is not entirely accurate,” said Shuyang Si, a doctoral student in applied economics and management. “The type of policy matters, and policy effects vary by firm, industry and sector.” ....

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Environmental policies not always bad for business, study finds

Environmental policies not always bad for business, study finds
eurekalert.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurekalert.org Daily Mail and Mail on Sunday newspapers.

Tsong Chen , Y Cynthia Lin Lawell , Shuyang Si , Mingjie Lyu , Lin Lawell , Harvard Business School Professor Michael Porter , Shanghai Lixin University Of Accounting , Charlesh Dyson School Of Applied Economics , Energy Economics , Tongji University , Technology Development Fund , Environmental Policies , Cynthia Lin Lawell , Applied Economics , Robert Dyson Sesquicentennial Chair , Resource Economics , Business School Professor Michael Porter , Shanghai Lixin University , Shanghai Science , Davis Corporate Affiliate , பாடல் சென் , ஹார்வர்ட் வணிக பள்ளி ப்ரொஃபெஸர் மைக்கேல் போர்டர் , ஆற்றல் பொருளாதாரம் , தொழில்நுட்பம் வளர்ச்சி நிதி , சுற்றுச்சூழல் பாலிஸீஸ் , பயன்படுத்தப்பட்டது பொருளாதாரம் ,

Policy, not technology, fueled Danish dominance in wind energy

Policy, not technology, fueled Danish dominance in wind energy
News Highlights: Policy, not technology, fueled Danish dominance in wind energy
In emerging renewable energy industries, are manufacturers’ decisions to shut down or upgrade obsolete equipment more influenced by technological improvements or government policies?
It’s an important long-term question for policymakers looking to increase renewable electricity production, cost-effectiveness and efficiency with limited budgets, says C.-Y. Cynthia Lin Lawell, associate professor at the Charles H. Dyson School of Applied Economics and Management.
In a new study focused on Denmark, a world leader in wind energy – a relatively mature and inexpensive renewable technology – Lin Lawell found that government policy was the main driver of that industry’s growth and development. ....

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