EPA's 33/50 Program Second Progress Report
Author | : |
Publisher | : |
Total Pages | : 48 |
Release | : 1992 |
Genre | : Factory and trade waste |
ISBN | : |
Download EPA's 33/50 Program Second Progress Report Book in PDF, Epub and Kindle
Download The 33 50 Program full books in PDF, epub, and Kindle. Read online free The 33 50 Program ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : |
Publisher | : |
Total Pages | : 48 |
Release | : 1992 |
Genre | : Factory and trade waste |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 156 |
Release | : 1994 |
Genre | : Aerospace industries |
ISBN | : |
Author | : Madhu Khanna |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : |
ISBN | : |
A recent shift in the U.S. strategy for environmental protection is the use of voluntary programs and self- regulation for pollution control rather than mandated command- and-control approaches. If voluntary approaches are successful in reducing pollution, they also have the potential to be more cost?effective than existing command? and?control regulations because they allow firms flexibility to choose the most appropriate pollution control strategy, lower information costs and reduce the administrative burden on environmental agencies. Current analytical research concerning voluntary programs has examined their welfare impacts and the cost-effectiveness of using voluntary programs together with mandatory regulations. Recent empirical studies have been limited to examining firms' motivations to participate in voluntary programs. From an environmental policy perspective it is also important to investigate whether voluntary programs are more effective at reducing pollution than traditional approaches. It is necessary to explore the relative roles of mandatory regulations and voluntary programs and if they are complements or substitutes in pollution control. It is also vital to examine the consequences of participation on a firm's economic performance. If the government does not provide any financial incentive for participation in voluntary programs, their long-term feasibility as policy tools depends on their impact on a firm's profitability. These issues are examined in the context of firms in the U.S. chemical industry and their participation in EPA's 33/50 Program. Panel data for the years 1988-1993 are used. We evaluate the impact of the Program by developing a two-stage generalized least squares model that corrects for self-selection bias and controls for the effect of firm-specific factors on a firm's level of pollution and its economic performance. The empirical analysis shows that firms decided to participate in the 33/50 Program because of rational economic self-interest. Incentives for participation include expected gains due to public recognition and technical assistance and expected reductions in future liabilities and compliance costs under mandatory environmental regulations. This suggests that participation in voluntary programs depends on a framework of mandatory regulation that provide a credible threat of penalties if firms do not voluntarily self-regulate their emissions. We demonstrate that the Program led to a statistically significant decline in the release of toxic chemicals after controlling for sample-selection bias, the impact of mandatory regulations and firm-specific characteristics. We also find that the program had a negative and statistically significant impact on the net income of firms in the short run, but that future profitability of firms improved significantly as a result of the program.
Author | : United States. Environmental Protection Agency. Office of Pollution Prevention and Toxics |
Publisher | : |
Total Pages | : 38 |
Release | : 1996 |
Genre | : Pollution control industry |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 6 |
Release | : 1991 |
Genre | : Hazardous wastes |
ISBN | : |
Author | : United States. Environmental Protection Agency |
Publisher | : |
Total Pages | : 2 |
Release | : 1994 |
Genre | : Hazardous wastes |
ISBN | : |
Author | : Seema Arora |
Publisher | : |
Total Pages | : 40 |
Release | : 1994 |
Genre | : |
ISBN | : |
Author | : United States. General Accounting Office |
Publisher | : |
Total Pages | : 40 |
Release | : 1994 |
Genre | : Pollution |
ISBN | : |
Author | : United States. Environmental Protection Agency. Office of Pollution Prevention and Toxics |
Publisher | : |
Total Pages | : 23 |
Release | : 1993 |
Genre | : Factory and trade waste |
ISBN | : |
Author | : Xiang Bi |
Publisher | : |
Total Pages | : |
Release | : 2011 |
Genre | : |
ISBN | : |
This dissertation consists of three essays that empirically investigate the role of regulatory pressures, voluntary 33/50 program and information spillover on firms0́9 environmental performance. First, we examine the extent to which participating in the 33/50 program led to a reduction in 33/50 releases. Second, we examine the extent to which program participation motivated the adoption of Pollution Prevention (P2) technology, and whether learning from peers increased the adoption of P2 technology by a facility after controlling for the effects of program participation and regulatory pressures. Last, we examine the extent to which program participation caused an increase in recycling and whether the adoption of P2 technology was inversely related to changes in recycling and releases of 33/50 chemicals. To answer these questions, we use facility-level information on program participation, toxic emissions and P2 adoption for more than 7000 facilities that were eligible for the program over the period of 1988-1995. We find that program participants had 14.8% to 23.7% higher rate of reduction in 33/50 releases than non-participants, after controlling for industry effects, time trend and other regulatory pressures. We also find that program participants on average adopted 1-1.2 more P2 technologies than non-participants for 33/50 chemicals, but did not significantly increase the number of P2 technologies adopted for other TRI chemicals. Additionally, the adoption of P2 was positively affected by information spillovers from other facilities in the same industry. Although program participants adopted more P2 technologies for 33/50 chemicals, the effects of P2 on recycling and releases of 33/50 chemicals were not statistically significant.