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Author : Paul Lanoie,Benoît Laplante,Maité Roy
Publisher : World Bank Publications
Page : 34 pages
File Size : 44,7 Mb
Release : 1997
Category : Capital market
ISBN : 8210379456XXX
Author : Paul Lanoie
Publisher : Unknown
Page : 28 pages
File Size : 42,5 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290705178
Private firms reluctant to invest in pollution abatement when the penalty for noncompliance falls short of the cost of abatement may be more willing to invest in pollution abatement when enforcement is tougher or when information is released that allows capital markets to react to ranking of firms in terms of their environmental performance.After weighing the costs and benefits of pollution control, profit-maximizing firms sometimes choose not to invest in pollution abatement because the penalty they expect regulators to impose for noncompliance falls short of the cost of abatement. To improve incentives for pollution control, regulators have recently embarked on a strategy to release information to communities and markets (investors and consumers) about firms' environmental performance.Drawing on evidence from American and Canadian studies, Lanoie, Laplante, and Roy report that capital markets do react to the release of such information. The evidence suggests that heavy polluters are affected more significantly than minor polluters. And firms whose market values are hurt most by the release of this information are most likely to invest in pollution abatement.The firms' greater willingness to invest in pollution abatement seems to result from the regulators' willingness to undertake strong enforcement actions combined with the possibility of capital markets reacting to public ranking of firms in terms of their environmental performance. This paper - a product of the Environment, Infrastructure, and Agriculture Division, Policy Research Department - is part of a larger effort in the department's ongoing work on industrial pollution and also to study whether capital markets in developing countries can provide the incentives needed for pollution control. The study was funded by the Bank's Research Support Budget under the research project Incentives for Pollution Control in Developing Countries: The Role of Capital Markets (RPO 680-76).
Author : Paul Lanoie,Benoît Laplante,CIRANO.,Maité Roy
Publisher : Unknown
Page : 0 pages
File Size : 50,7 Mb
Release : 1997
Category : Capital market
ISBN : OCLC:1036008764
Author : J?r?me·Foulon,Paul Lanoie,Benoît Laplante
Publisher : World Bank Publications
Page : 38 pages
File Size : 42,7 Mb
Release : 2000
Category : Contaminacion
ISBN : 8210379456XXX
"Both regulation and public disclosure belong in the environmental regulators' arsenal. Strong, clear standards combined with a significant, credible penalty system send the right signals to the regulated community, which responds by lowering pollution emissions. The public disclosure of environmental performance also provides strong additional incentives to pollution control"--Cover.
Author : National Academy of Public Administration
Publisher : Georgetown University Press
Page : 238 pages
File Size : 44,5 Mb
Release : 1994
Category : Pollution
ISBN : 0964687402
Focusing on the practical aspects of using economic incentives to achieve environmental goals, this book analyzes the design and implementation of market based programs and identifies critical issues for creating successful programs in the future. The book examines the conditions in which market incentives are most useful and probes the important new roles of both government and the private sector. It highlights the administrative, institutional, organizational, and informational requirements for successful operation of the programs, and it especially stresses the importance of program evaluation. This analysis is based on case studies of four programs at different levels of government--local, state, federal, and overseas--that use different tools--credit trading, direct taxes, variable fee structures, and refunds: the air credit trading program in the Los Angeles metropolitan area; the national pollution charge system of Russia; the recycling initiative of King County, Washington; and the deposit refund system of Michigan. Distributed for the National Academy of Public Administration
Author : Anonim
Publisher : World Bank Publications
Page : 268 pages
File Size : 51,6 Mb
Release : 1998
Category : Business & Economics
ISBN : 0195211189
World Development Report 1998-1999, now in its twenty-first edition, focuses on the role of knowledge and information as a factor of development, including the important trade-offs in strategies and policies and many other challenges. It examines such important questions as why have some developing countries been able to exploit the rapidly increasing stock of global knowledge more than others and what can be done to help those falling behind? The Report also looks at the challenge of finding the balance between private initiative and public intervention that encourages innovation and manages attendant risks. It deals with the role of international assistance and international organizations, which can help develop understanding about these complex processes, help to transfer lessons of development experience across countries, and help finance crucial knowledge investments of importance to developing countries. Known as the standard reference for international economic data, the World Development Report 1998-1999 provides a set of Selected World Development Indicators as an appendix, presenting social and economic statistics for more than 200 countries.
Author : Anonim
Publisher : World Bank Publications
Page : 39 pages
File Size : 42,8 Mb
Release : 2004
Category : Industrial management
ISBN : 8210379456XXX
Author : Leonardo Martinez-Diaz,Jesse M. Keenan
Publisher : U.S. Commodity Futures Trading Commission
Page : 196 pages
File Size : 40,5 Mb
Release : 2020-09-09
Category : Science
ISBN : 9780578748412
This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Author : Susmita Dasgupta,Benoît Laplante,Nlandu Mamingi
Publisher : World Bank Publications
Page : 40 pages
File Size : 45,9 Mb
Release : 1998
Category : Electronic
ISBN : 8210379456XXX
Author : Benjamin van Rooij
Publisher : Amsterdam University Press
Page : 470 pages
File Size : 45,7 Mb
Release : 2006
Category : Law
ISBN : 9789087280130
Annotation. Many of China's rivers and lakes are strongly polluted, the air in cities is amongst the worst in the world, while some have warned that if the country is not careful it may soon have insufficient arable land to feed its population. This book looks at why the protection of natural resources through stricter legislation and more stringent law enforcement has been so difficult. It does so through a combination of a local case with comparative and theoretical insights about lawmaking, compliance and enforcement. It offers a unique view on how law functions in the world's largest legal system, and how such law interacts with the social, economic and political circumstances at hand. This book offers an incomparable body of empirical and theoretical knowledge for those interested in how law functions in China, as well as those interested in the workings of regulatory lawmaking, compliance, and enforcement in a comparative perspective. This title can be previewed in Google Books - http://books.google.com/books?vid=ISBN9789087280130.
Author : Benjamin J Richardson
Publisher : Oxford University Press
Page : 624 pages
File Size : 45,6 Mb
Release : 2008-06-30
Category : Law
ISBN : 9780199715459
Environmental harm is commonly associated with companies that extract, consume, and pollute our shared natural resources. Rarely are the 'unseen polluters,' the financiers that sponsor and profit from eco-damaging corporations, placed at the forefront of the environmental debate. By focusing on these unseen polluters, Benjamin Richardson provides a comprehensive examination of socially responsible investment (SRI), and offers a guide to possible reform. Richardson proposes that greater regulatory supervision of SRI will help ensure that the financial sector prioritizes ethically-based investments. In Socially Responsible Investment Law, he suggests that new governmental reforms should encourage companies to participate in socially responsible investments by providing a better mix of standards and incentives for SRI through measures that include redefining the fiduciary responsibilities of institutional investors to incorporate environmental concerns. By doing so, Richardson posits that corporate financiers, including banks, hedge funds, and pension plans, will become more accountable to the goals of ensuring sustainable development.
Author : OECD
Publisher : OECD Publishing
Page : 118 pages
File Size : 50,9 Mb
Release : 2007-04-13
Category : Electronic
ISBN : 9789264026278
This book summarises the results of an OECD project which collected and analysed data from the business sector on their motivations and decision-making processes relating to the environment.
Author : Anonim
Publisher : World Bank Publications
Page : 20 pages
File Size : 41,9 Mb
Release : 2006
Category : Economia ambiental
ISBN : 8210379456XXX
"The empirical literature on environmental performance or compliance has followed two strands: one based on the impact of formal regulation as a means of inducing better environmental performance, and another centered on the role of informal regulation which mainly emphasizes the role of communities and capital markets. The authors analyze the impact of environmental news in print media on firms' environmental performance. Using data from a survey of industrial facilities in the Republic of Korea, probit estimation results indicate that the publication of environmental news in print media and the firm's awareness of this publication are important predictors of a firm's environmental performance, more so than environmental laws, regulations, and environmental training. This paper thus reemphasizes the key role of media in influencing firms' environmental performance. "--World Bank web site.
Author : Benjamin Richardson
Publisher : Kluwer Law International B.V.
Page : 418 pages
File Size : 55,9 Mb
Release : 2002-02-13
Category : Law
ISBN : 9789041117359
This book takes a comparative perspective of practice in the European Union, North America, Japan and Australasia, arguing that existing legal reforms to promote sustainable development are unlikely to be successful unless environmental policy can be diffused and embedded in the financial services sector. This sector plays a crucial role in creating the financial conditions that allow much economic development to proceed. Financial markets are already highly regulated in pursuance of various public policy objectives, and there is scope to adapt existing regulation to incorporate environmental aspects into the financial services sector. In terms of specific reforms, the book focuses on the role of corporate environmental reporting, economic instruments and liability rules to provide a proper context for engaging financial organisations with the environment, as well as reforms to the system of prudential regulation that currently governs this sector. Beyond the focus on the financial services sector, the book raises complex questions regarding the relationship between the state and market institutions in environmental policy, and will appeal to scholars from a wide range of disciplines interested in problems of environmental governance.
Author : Henk Folmer,Thomas H. Tietenberg
Publisher : Edward Elgar Publishing
Page : 313 pages
File Size : 44,8 Mb
Release : 2006
Category : Science
ISBN : 9781847200235
This major annual publication presents a comprehensive overview of cutting-edge issues in environmental and resource economics. The expert contributors address some of today s most pressing environmental concerns including: pollution control policies Graphical Information Systems (GIS) and spatial analysis disclosure strategies for pollution control environmental policy under imperfect competition transport and the environment optimal forest harvesting. The Yearbook is an essential resource for economists, scholars and practitioners working in environmental and resource economics.
