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  1. Environmental management systems
    does certification pay?
    Author: Frondel, Manuel; Krätschell, Karoline; Zwick, Lina
    Published: 2014
    Publisher:  RWI, Essen

    The voluntary adoption of environmental management systems (EMS), frequently certified by third-party audits following international standards, has become a vital supplement to mandatory environmental policies based on regulation and legislation.... more

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Location:
    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Location:
    Arbeitsgemeinschaft Niedersächsischer Behördenbibliotheken
    Signature:
    Online
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 10 (519)
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    The voluntary adoption of environmental management systems (EMS), frequently certified by third-party audits following international standards, has become a vital supplement to mandatory environmental policies based on regulation and legislation. Although there is empirical evidence that both EMS adoption and certification can effectively improve firms’ environmental performance, the impact on their business performance is far from clear. Drawing upon an OECD survey including more than 4,000 manufacturing facilities, this paper fills this void by estimating the impact of both EMS adoption and certification on facilities’ business performance using statistical matching techniques. While our results indicate that the pure adoption of EMS without any certification does not enhance facilities’ business performance, the financial performance of certified facilities turns out to be significantly high. Die freiwillige Implementierung von Umweltmanagementsystemen, welche oftmals auch nach internationalen Standards zertifiziert werden, ist mittlerweile eine bedeutende Ergänzung zur gesetzlichen Umweltregulierung. Laut empirischer Evidenz verbessert sowohl die Implementierung als auch die Zertifizierung dieser Umweltmanagementsysteme die Umweltperformance von Unternehmen in effektiver Weise. Der Einfluss auf den wirtschaftlichen Erfolg von Betrieben ist jedoch unklar. Basierend auf einer OECD-Umfrage unter mehr als 4 000 Betrieben im Verarbeitenden Gewerbe wird in diesem Papier der Einfluss sowohl der Implementierung als auch der Zertifizierung von Umweltmanagementsystemen auf die finanzielle Entwicklung der Betriebe mit Hilfe von statistischen Matching-Methoden untersucht. Unsere Ergebnisse deuten darauf hin, dass die Zertifizierung von Umweltmanagementsystemen tatsächlich den Gewinn von Betrieben verbessert, während eine reine Implementierung keine Effekte hat.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783867885942
    Other identifier:
    hdl: 10419/104739
    Series: Ruhr economic papers ; 519
    Subjects: Environmental regulation; matching methods
    Scope: Online-Ressource (26 S.)
    Notes:

    Zsfassung in dt. Sprache
  2. Optimal profits under environmental regulation
    the benefits from emission intensity averaging
    Author: Hampf, Benjamin; Rødseth, Kenneth Løvold
    Published: 2014
    Publisher:  Techn. Univ., Inst. für Volkswirtschaftslehre, Darmstadt

    In this paper we analyze the economic effects of implementing EPA's newly proposed regulations for carbon dioxide (CO2) on existing U.S. coal-fired power plants using nonparametric methods on a sample of 144 electricity generating units. Moreover, we... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 53 (220)
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    In this paper we analyze the economic effects of implementing EPA's newly proposed regulations for carbon dioxide (CO2) on existing U.S. coal-fired power plants using nonparametric methods on a sample of 144 electricity generating units. Moreover, we develop an approach for evaluating the economic gains from averaging emission intensities among the utilities' generating units, compared to implementing unit-specific performance standards. Our results show that the implementation of flexible standards leads to up to 2.7 billion dollars larger profits compared to the uniform standards. Moreover, we find that by adopting best practices, current profits can be maintained even if an intensity standard of 0.88 tons of CO2 per MWh is implemented. However, our results also indicate a trade-off between environmental and profit gains, since aggregate CO2 emissions are higher with emission intensity averaging than with uniform standards.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/107658
    Series: Darmstadt discussion papers in economics ; 220
    Subjects: Environmental regulation; profit maximization; emission intensity averaging; nonparametric effciency analysis
    Scope: Online-Ressource ([1], 25 S.), graph. Darst.