File Download
There are no files associated with this item.
Supplementary
-
Citations:
- Appears in Collections:
Conference Paper: The Unintended Externalities of an Environmental Regulation: Evidence from the NOx Budget Trading Program
Title | The Unintended Externalities of an Environmental Regulation: Evidence from the NOx Budget Trading Program |
---|---|
Authors | |
Issue Date | 2022 |
Publisher | Financial Management Association. |
Citation | 2022 FMA Annual Meeting (Hybrid), Atlanta, Georgia, United States, 19-26 October 2022 How to Cite? |
Abstract | Exploiting NOx Budget Trading Program (NBP) implementation, we show that such a regional environmental regulation has unintended effects on the emission policies of manufacturing plants unregulated by the NBP via the pass-through of higher electricity prices. High energy-consuming manufacturers with tighter constraints or stronger incentives to maintain high earnings cut corners by reducing costly abatements to absorb the NBP-induced increase in energy input cost. The increased emissions worsen air quality within the 1-mile radius of manufacturing plants, which are mainly neighborhoods of underprivileged communities. While the NBP improves overall air quality, it also yields negative externalities along the supply chain. |
Description | In-person session 111 - Corporate Social Responsibility |
Persistent Identifier | http://hdl.handle.net/10722/319799 |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Zhou, Y | - |
dc.contributor.author | Lin, TC | - |
dc.contributor.author | Zou, H | - |
dc.date.accessioned | 2022-10-14T05:19:58Z | - |
dc.date.available | 2022-10-14T05:19:58Z | - |
dc.date.issued | 2022 | - |
dc.identifier.citation | 2022 FMA Annual Meeting (Hybrid), Atlanta, Georgia, United States, 19-26 October 2022 | - |
dc.identifier.uri | http://hdl.handle.net/10722/319799 | - |
dc.description | In-person session 111 - Corporate Social Responsibility | - |
dc.description.abstract | Exploiting NOx Budget Trading Program (NBP) implementation, we show that such a regional environmental regulation has unintended effects on the emission policies of manufacturing plants unregulated by the NBP via the pass-through of higher electricity prices. High energy-consuming manufacturers with tighter constraints or stronger incentives to maintain high earnings cut corners by reducing costly abatements to absorb the NBP-induced increase in energy input cost. The increased emissions worsen air quality within the 1-mile radius of manufacturing plants, which are mainly neighborhoods of underprivileged communities. While the NBP improves overall air quality, it also yields negative externalities along the supply chain. | - |
dc.language | eng | - |
dc.publisher | Financial Management Association. | - |
dc.title | The Unintended Externalities of an Environmental Regulation: Evidence from the NOx Budget Trading Program | - |
dc.type | Conference_Paper | - |
dc.identifier.email | Zhou, Y: yiyuanzh@HKUCC-COM.hku.hk | - |
dc.identifier.email | Lin, TC: chunlin@hku.hk | - |
dc.identifier.email | Zou, H: hongzou@hku.hk | - |
dc.identifier.authority | Lin, TC=rp01077 | - |
dc.identifier.authority | Zou, H=rp01800 | - |
dc.identifier.hkuros | 339386 | - |
dc.publisher.place | United States | - |