Does being stricter mean doing better? Different effects of environmental policy stringency on quality of life, green innovation, and international cooperation

Prokop, Viktor; Gerstlberger, Wolfgang; Vrabcová, Pavla; Zapletal, David; Sein, Yee Yee

doi:10.1016/j.heliyon.2023.e16388

Cited by 6 publications

(3 citation statements)

References 82 publications

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“…We thus find a significant positive effect of the stringency of market-based policies and an insignificant effect of non-market-based environmental policies on private sector environmental R&D expenditures, consistent with the logic explained in Section I. This finding is in line with the findings of Fabrizi et al (2018) but contrasts with those of Hassan and Rousselière (2022), Zhang et al (2022), andProkop et al (2023), who all use the market-based component and non-market-based component of the 2014 OECD Environmental Policy Stringency Index and patent applications in environmental technologies (as discussed in Section I).…”

Section: Resultssupporting

confidence: 86%

“…Both Hassan and Rousselière (2022) and Zhang et al (2022), using the two components of the 2014 OECD Environmental Policy Stringency Index, find that non-marketbased policies have a significant positive relationship with environmentally related patents, while the effect of market-based policies on green innovation is not significantly different from zero. Finally, Prokop et al (2023) find, based on the two sub-indices of the 2014 OECD Environmental Policy Stringency Index, that above-average stringency of non-market-based policies is significantly positively correlated with green patents, whereas above-average stringency of market-based policies is significantly negatively correlated with green patents.…”

Section: Introductionmentioning

confidence: 89%

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Environmental Policy and Environmental R&D in the Private Sector: New Evidence on the “Narrow” Porter Hypothesis

Herzer

2024

Energy RESEARCH LETTERS

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We examine the impact of the stringency of market-based and non-market-based environmental policies on private-sector environmental R&D expenditures. We find that the stringency of market-based environmental policies has a positive and statistically significant impact on environmental R&D expenditures in the private sector. In contrast, the stringency of non-market-based environmental policies is statistically insignificant. Thus, our findings provide evidence supporting the “narrow” Porter hypothesis.

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Section: Resultssupporting

confidence: 86%

Section: Introductionmentioning

confidence: 89%

Environmental Policy and Environmental R&D in the Private Sector: New Evidence on the “Narrow” Porter Hypothesis

Herzer

2024

Energy RESEARCH LETTERS

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“…The innovation was seen "for geothermal energy, hydro energy, and marine energy, but not for wind energy and solar energy" [15] (p. 1113). Prokop et al [16] analysed the impact of market-based EPS on the quality of life and found a positive correlation between these two variables. The authors also show that "green innovation does not require as much strictness .…”

Section: Literature Reviewmentioning

confidence: 99%

Managing Environmental Policy Stringency to Ensure Sustainable Development in OECD Countries

Mihai,

Doran,

Puiu

et al. 2023

Sustainability

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In response to climate change that threatens both economic and social sustainable development, governments adopt strict environmental policy measures to reduce greenhouse gas emissions and encourage the use of energy from renewable sources. The main purpose of this study is to investigate to what extent the strictness of environmental policy can influence the level of greenhouse gas emissions and the consumption of renewable energy in selected Organisation for Economic Co-operation and Development (OECD) countries. The Fully Modified Ordinary Least Squares (FMOLS) method and Granger causality test were employed in order to investigate the long-run relationship between the main components of the environmental policy stringency index and the evolution of greenhouse gas emissions and renewable energy consumption. The results indicate significant influences of the Market-based instruments sub-index and the Technology Support policies sub-index on greenhouse gas emissions reduction, while the Non-Market Based instruments index, which includes policies that impose emission limits and standards, does not exert any significant influence in this regard. Regarding the impact on renewable energy consumption, the results of this study indicate significant positive influences from the perspective of the three sub-indices used in the analysis. These results should send a signal to decision-makers on the effectiveness of policies that impose emission limits and standards, in the sense that their improvement will generate significant influences in mitigating climate change risks.

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Synergy for climate actions in G7 countries: Unraveling the role of environmental policy stringency between technological innovation and CO2 emission interplay with DOLS, FMOLS and MMQR approaches

Fatima,

Xuhua,

Alnafisah

et al. 2024

Energy Reports

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Does being stricter mean doing better? Different effects of environmental policy stringency on quality of life, green innovation, and international cooperation

Cited by 6 publications

References 82 publications

Environmental Policy and Environmental R&D in the Private Sector: New Evidence on the “Narrow” Porter Hypothesis

Environmental Policy and Environmental R&D in the Private Sector: New Evidence on the “Narrow” Porter Hypothesis

Managing Environmental Policy Stringency to Ensure Sustainable Development in OECD Countries

Synergy for climate actions in G7 countries: Unraveling the role of environmental policy stringency between technological innovation and CO2 emission interplay with DOLS, FMOLS and MMQR approaches

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