Triggering business responses to climate policy in Australia

The 'Porter hypothesis' predicts that well-designed environmental regulations will stimulate businesses to innovate to reduce their environmental impact for efficiency reasons. This article analyses the impacts and anticipation effects of Australia's carbon price on firms' carbon...

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Bibliographic Details
Published inAustralian journal of management Vol. 46; no. 2; pp. 248 - 271
Main Authors Raymond Markey, Joseph McIvor, Martin O'Brien, Chris F Wright
Format Journal Article
Published 01.05.2021
Subjects
Climatic changes
Environmental aspects
Environmental policy
Government policy
Investments
Small business
Technological innovations
Australia
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Summary:The 'Porter hypothesis' predicts that well-designed environmental regulations will stimulate businesses to innovate to reduce their environmental impact for efficiency reasons. This article analyses the impacts and anticipation effects of Australia's carbon price on firms' carbon reduction activities, through survey data on 466 medium-to-large Australian businesses. We build upon the Porter hypothesis by demonstrating that the anticipated impact of regulation may be as important as its implementation in triggering environmental innovation, thus developing the notion of a 'signal' effect.
Bibliography:Australian Journal of Management, Vol. 46, No. 2, May 2021: 248-271
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AUSTRALIAN JOURNAL OF MANAGEMENT, Vol. 46, No. 2, May 2021, 248-271
Informit, Melbourne (Vic)
ISSN:0312-8962