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Environmental Information Disclosure Policies

  • Full or part time
    Dr C Liu
  • Application Deadline
    Applications accepted all year round
  • Self-Funded PhD Students Only
    Self-Funded PhD Students Only

Project Description

Environmental information disclosure policies, where governments release information to the public, have been increasingly popular in recent years. They first emerged in the U.S. but were soon implemented in Europe, and then gradually in Asia. These right-to-know policies (Mastromonaco, 2015) help consumers make informed choices and policymakers design a market-based regulation where the main objective is that firms will be incentivised to mitigate the pollution they produce because of public pressure.

In most cases, there is coordination in information release between countries (such as within the European Union) or between constituent members of larger jurisdictions (such as within the U.S.). That said, there are also cases where countries or regions have adopted unilateral policies. For instance, in the European Union, France has developed its national legislation framework whereas Denmark has adopted the UN Global Compact which encourages firms to adopt sustainable and socially responsible policies and to report on their implementation. In the U.K., the Companies Act 2006 obliges firms with shares listed on a regulated market in the European Economic Area to disclose non-financial information in their business review. Additionally, while some member states adopted compulsory non-financial reporting, others adopted the “comply or explain” system giving the option to some firms not to report environmental information in circumstances where it is difficult to compile all necessary data in a timely manner to comply with reporting requirements.

There is a growing literature on the various aspects and consequences of information disclosure (Tietenberg, 1998). Hence this project would look at international coordination in pollution information release and investigate how it affects social welfare, firms’ strategies and pollution.

Funding Notes

This is a self-funded PhD opportunity.

References

Mastromonaco, R., 2015. Do environmental right-to-know laws affect markets? Capitalization of information in the toxic release inventory. Journal of Environmental Economics and Management 71, 54-70.
Tietenberg, T., 1998. Disclosure strategies for pollution control. Environmental and Resource Economics 11, 587-602.

Related Subjects

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FTE Category A staff submitted: 23.00

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