Environmental Performance Rating and Disclosure : An Empirical Investigation of China’s Green Watch Program

Environmental performance rating and disclosure has emerged as an alternative or complementary approach to conventional pollution regulation, especially in developing countries. However, little systematic research has been conducted on the effectiv...

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Main Authors: Jin, Yanhong, Wang, Hua, Wheeler, David
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
COD
GAS
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916105353
http://hdl.handle.net/10986/3904
id okr-10986-3904
recordtype oai_dc
spelling okr-10986-39042021-04-23T14:02:13Z Environmental Performance Rating and Disclosure : An Empirical Investigation of China’s Green Watch Program Jin, Yanhong Wang, Hua Wheeler, David ABATEMENT ABATEMENT COSTS ACTIVITIES ADOPTION OF PROPANE AIR POLLUTION AIR QUALITY APPROACH BETTER ENVIRONMENTAL MANAGEMENT BETTER ENVIRONMENTAL PERFORMANCE BRICK MAKERS CHEMICAL CLEAN TECHNOLOGY CLEANER CLEANER PRODUCTION COD COMPLIANCE COMPLIANCE STATUS CONVENTIONAL POLLUTION REGULATION DRINKING WATER DUST EFFLUENT EFFLUENT CONCENTRATIONS EMISSION EMISSIONS EMISSIONS INVENTORIES EMISSIONS REPORTS ENERGY ENFORCEMENT ENVIRONMENTAL ACCIDENT ENVIRONMENTAL CONDITIONS ENVIRONMENTAL CONTAMINATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL INFORMATION ENVIRONMENTAL LAWS ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL OUTCOMES ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROBLEMS ENVIRONMENTAL PROTECTION ENVIRONMENTAL REGULATORS ENVIRONMENTAL RISKS FACILITIES FIXED EFFECTS GAS HAZARDOUS WASTE HAZARDOUS WASTE DISPOSAL HAZARDOUS WASTE SITES INDUSTRIAL POLLUTION INDUSTRY INFORMAL REGULATION NEGATIVE IMPACT NITROGEN NITROGEN DIOXIDE NOISE NUCLEAR POWER NUCLEAR POWER PLANTS NUCLEAR RADIATION OXYGEN PLANTS POLLUTANTS POLLUTION POLLUTION ACCIDENTS POLLUTION CHARGE POLLUTION CHARGE SYSTEM POLLUTION CONTROL POLLUTION CONTROL POLICIES POLLUTION INTENSITIES POLLUTION INTENSITY POLLUTION MONITORING POLLUTION PROBLEMS POLLUTION REGULATION POWER PLANTS PRICE PRICES RECYCLING REGULATORY COMPLIANCE REGULATORY INSTITUTIONS REGULATORY INSTRUMENTS RESEARCH SMOKE SOLID WASTE SULFUR SULFUR DIOXIDE SURFACE WATER SUSPENDED SOLIDS TOXIC EMISSIONS TOXIC POLLUTERS TOXIC WASTE TOXICS UTILITIES WASTE DISPOSAL WASTE MANAGEMENT WASTE RECYCLING WATER WATER POLLUTANTS WATER POLLUTION WATER QUALITY Environmental performance rating and disclosure has emerged as an alternative or complementary approach to conventional pollution regulation, especially in developing countries. However, little systematic research has been conducted on the effectiveness of this emerging policy instrument. This paper investigates the impact of a Chinese performance rating and disclosure program, Green Watch, which has been operating for 10 years. To assess the impact of Green Watch, the authors use panel data on pollution emissions from rated and unrated firms, before and after implementation of the program. Controlling for the characteristics of firms and locations, time trend, and initial level of environmental performance, the analysis finds that firms covered by Green Watch improve their environmental performance more than non-covered firms. Bad performers improve more than good performers, and moderately non-compliant firms improve more than firms that are significantly out of compliance. The reasons for these different responses seem to be that the strengths of incentives that the disclosure program provides to the polluters at different levels of compliance are different and the abatement costs of achieving desired levels of ratings are different for different firms. 2012-03-19T18:41:53Z 2012-03-19T18:41:53Z 2010-09-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916105353 http://hdl.handle.net/10986/3904 English Policy Research working paper ; no. WPS 5420 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper East Asia and Pacific East Asia and Pacific East Asia Asia China
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ABATEMENT
ABATEMENT COSTS
ACTIVITIES
ADOPTION OF PROPANE
AIR POLLUTION
AIR QUALITY
APPROACH
BETTER ENVIRONMENTAL MANAGEMENT
BETTER ENVIRONMENTAL PERFORMANCE
BRICK MAKERS
CHEMICAL
CLEAN TECHNOLOGY
CLEANER
CLEANER PRODUCTION
COD
COMPLIANCE
COMPLIANCE STATUS
CONVENTIONAL POLLUTION REGULATION
DRINKING WATER
DUST
EFFLUENT
EFFLUENT CONCENTRATIONS
EMISSION
EMISSIONS
EMISSIONS INVENTORIES
EMISSIONS REPORTS
ENERGY
ENFORCEMENT
ENVIRONMENTAL ACCIDENT
ENVIRONMENTAL CONDITIONS
ENVIRONMENTAL CONTAMINATION
ENVIRONMENTAL ECONOMICS
ENVIRONMENTAL INFORMATION
ENVIRONMENTAL LAWS
ENVIRONMENTAL MANAGEMENT
ENVIRONMENTAL OUTCOMES
ENVIRONMENTAL PERFORMANCE
ENVIRONMENTAL PROBLEMS
ENVIRONMENTAL PROTECTION
ENVIRONMENTAL REGULATORS
ENVIRONMENTAL RISKS
FACILITIES
FIXED EFFECTS
GAS
HAZARDOUS WASTE
HAZARDOUS WASTE DISPOSAL
HAZARDOUS WASTE SITES
INDUSTRIAL POLLUTION
INDUSTRY
INFORMAL REGULATION
NEGATIVE IMPACT
NITROGEN
NITROGEN DIOXIDE
NOISE
NUCLEAR POWER
NUCLEAR POWER PLANTS
NUCLEAR RADIATION
OXYGEN
PLANTS
POLLUTANTS
POLLUTION
POLLUTION ACCIDENTS
POLLUTION CHARGE
POLLUTION CHARGE SYSTEM
POLLUTION CONTROL
POLLUTION CONTROL POLICIES
POLLUTION INTENSITIES
POLLUTION INTENSITY
POLLUTION MONITORING
POLLUTION PROBLEMS
POLLUTION REGULATION
POWER PLANTS
PRICE
PRICES
RECYCLING
REGULATORY COMPLIANCE
REGULATORY INSTITUTIONS
REGULATORY INSTRUMENTS
RESEARCH
SMOKE
SOLID WASTE
SULFUR
SULFUR DIOXIDE
SURFACE WATER
SUSPENDED SOLIDS
TOXIC EMISSIONS
TOXIC POLLUTERS
TOXIC WASTE
TOXICS
UTILITIES
WASTE DISPOSAL
WASTE MANAGEMENT
WASTE RECYCLING
WATER
WATER POLLUTANTS
WATER POLLUTION
WATER QUALITY
spellingShingle ABATEMENT
ABATEMENT COSTS
ACTIVITIES
ADOPTION OF PROPANE
AIR POLLUTION
AIR QUALITY
APPROACH
BETTER ENVIRONMENTAL MANAGEMENT
BETTER ENVIRONMENTAL PERFORMANCE
BRICK MAKERS
CHEMICAL
CLEAN TECHNOLOGY
CLEANER
CLEANER PRODUCTION
COD
COMPLIANCE
COMPLIANCE STATUS
CONVENTIONAL POLLUTION REGULATION
DRINKING WATER
DUST
EFFLUENT
EFFLUENT CONCENTRATIONS
EMISSION
EMISSIONS
EMISSIONS INVENTORIES
EMISSIONS REPORTS
ENERGY
ENFORCEMENT
ENVIRONMENTAL ACCIDENT
ENVIRONMENTAL CONDITIONS
ENVIRONMENTAL CONTAMINATION
ENVIRONMENTAL ECONOMICS
ENVIRONMENTAL INFORMATION
ENVIRONMENTAL LAWS
ENVIRONMENTAL MANAGEMENT
ENVIRONMENTAL OUTCOMES
ENVIRONMENTAL PERFORMANCE
ENVIRONMENTAL PROBLEMS
ENVIRONMENTAL PROTECTION
ENVIRONMENTAL REGULATORS
ENVIRONMENTAL RISKS
FACILITIES
FIXED EFFECTS
GAS
HAZARDOUS WASTE
HAZARDOUS WASTE DISPOSAL
HAZARDOUS WASTE SITES
INDUSTRIAL POLLUTION
INDUSTRY
INFORMAL REGULATION
NEGATIVE IMPACT
NITROGEN
NITROGEN DIOXIDE
NOISE
NUCLEAR POWER
NUCLEAR POWER PLANTS
NUCLEAR RADIATION
OXYGEN
PLANTS
POLLUTANTS
POLLUTION
POLLUTION ACCIDENTS
POLLUTION CHARGE
POLLUTION CHARGE SYSTEM
POLLUTION CONTROL
POLLUTION CONTROL POLICIES
POLLUTION INTENSITIES
POLLUTION INTENSITY
POLLUTION MONITORING
POLLUTION PROBLEMS
POLLUTION REGULATION
POWER PLANTS
PRICE
PRICES
RECYCLING
REGULATORY COMPLIANCE
REGULATORY INSTITUTIONS
REGULATORY INSTRUMENTS
RESEARCH
SMOKE
SOLID WASTE
SULFUR
SULFUR DIOXIDE
SURFACE WATER
SUSPENDED SOLIDS
TOXIC EMISSIONS
TOXIC POLLUTERS
TOXIC WASTE
TOXICS
UTILITIES
WASTE DISPOSAL
WASTE MANAGEMENT
WASTE RECYCLING
WATER
WATER POLLUTANTS
WATER POLLUTION
WATER QUALITY
Jin, Yanhong
Wang, Hua
Wheeler, David
Environmental Performance Rating and Disclosure : An Empirical Investigation of China’s Green Watch Program
geographic_facet East Asia and Pacific
East Asia and Pacific
East Asia
Asia
China
relation Policy Research working paper ; no. WPS 5420
description Environmental performance rating and disclosure has emerged as an alternative or complementary approach to conventional pollution regulation, especially in developing countries. However, little systematic research has been conducted on the effectiveness of this emerging policy instrument. This paper investigates the impact of a Chinese performance rating and disclosure program, Green Watch, which has been operating for 10 years. To assess the impact of Green Watch, the authors use panel data on pollution emissions from rated and unrated firms, before and after implementation of the program. Controlling for the characteristics of firms and locations, time trend, and initial level of environmental performance, the analysis finds that firms covered by Green Watch improve their environmental performance more than non-covered firms. Bad performers improve more than good performers, and moderately non-compliant firms improve more than firms that are significantly out of compliance. The reasons for these different responses seem to be that the strengths of incentives that the disclosure program provides to the polluters at different levels of compliance are different and the abatement costs of achieving desired levels of ratings are different for different firms.
format Publications & Research :: Policy Research Working Paper
author Jin, Yanhong
Wang, Hua
Wheeler, David
author_facet Jin, Yanhong
Wang, Hua
Wheeler, David
author_sort Jin, Yanhong
title Environmental Performance Rating and Disclosure : An Empirical Investigation of China’s Green Watch Program
title_short Environmental Performance Rating and Disclosure : An Empirical Investigation of China’s Green Watch Program
title_full Environmental Performance Rating and Disclosure : An Empirical Investigation of China’s Green Watch Program
title_fullStr Environmental Performance Rating and Disclosure : An Empirical Investigation of China’s Green Watch Program
title_full_unstemmed Environmental Performance Rating and Disclosure : An Empirical Investigation of China’s Green Watch Program
title_sort environmental performance rating and disclosure : an empirical investigation of china’s green watch program
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916105353
http://hdl.handle.net/10986/3904
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