The effects of environmental regulation on technology diffusion: the case of chlorine manufacturing

摘要

In order to assess the effects of regulation on the environmental and economic performance of firms, it is important to understand the interaction between regulation and technological change. The costs of compliance with environmental regulations are determined, in part, by the cost and availability of alternative production and abatement technologies, and regulations themselves can affect the nature and rate of technological change (Adam B. Jaffe et al., 2003). As a result, the economic and environmental impacts of regulation are affected by the technology choices made by individual plants.