A Holistic Policy Agenda to Promote Green Business: Reflexive Law Fills the Gap

摘要

How can environmental law and policy best promote green business? This is an important question. Yet, the mechanisms that scholars have suggested thus far-the market, technology-based rules, and outcome-based regulations-do not provide a satisfactory answer. None of them can successfully foster green business as companies practice it today. Reflexive law can fill this gap. Reflexive law refers to those laws and policies that push firms to engage in self-regulation. It can foster green business in ways that the other methods cannot. The best strategy will be one that incorporates the three suggested approaches and reflexive law.