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

Author

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  • Carrion-Flores, Carmen E.
  • Innes, Robert
  • Sam, Abdoul G.

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 participation are associated with significant reductions in the number of successful environmental patent applications four to six years after the program ended; these results suggest a negative relationship between the 33/50 program and longer-run environmental innovation.

Suggested Citation

  • Carrion-Flores, Carmen E. & Innes, Robert & Sam, Abdoul G., 2006. "Do Voluntary Pollution Reduction Programs (VPRs) Spur Innovation in Environmental Technology," 2006 Annual meeting, July 23-26, Long Beach, CA 21124, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea06:21124
    DOI: 10.22004/ag.econ.21124
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    Cited by:

    1. Zhiliang Xu & Changxin Xu & Yun Li, 2023. "Green Credit Policy, Environmental Investment, and Green Innovation: Quasi-Natural Experimental Evidence from China," Sustainability, MDPI, vol. 15(10), pages 1-17, May.
    2. Brouhle, Keith & Graham, Brad & Harrington, Donna Ramirez, 2013. "Innovation under the Climate Wise program," Resource and Energy Economics, Elsevier, vol. 35(2), pages 91-112.
    3. Abdoul Sam, 2010. "Impact of government-sponsored pollution prevention practices on environmental compliance and enforcement: evidence from a sample of US manufacturing facilities," Journal of Regulatory Economics, Springer, vol. 37(3), pages 266-286, June.
    4. Yanfeng Lou & Yezhuang Tian & Xueliang Tang, 2020. "Does Environmental Regulation Improve an Enterprise’s Productivity?—Evidence from China’s Carbon Reduction Policy," Sustainability, MDPI, vol. 12(17), pages 1-18, August.

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