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:	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
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

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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
_version_	1764388943125544960

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

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