Squandered profit opportunities? Some historical perspective on industrial waste and the Porter Hypothesis |
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| Institution: | 1. Department of Geography, University of Toronto Mississauga, 3359 Mississauga Rd., Davis Building, Room 3273, Mississauga, Ontario Canada L5L 1C6;2. Economics Department, San Jose State University, One Washington Square, San Jose, CA 95192, USA;1. Department of Laboratory Diagnostic and Molecular Medicine, Pomeranian Medical University, Szczecin, Poland;2. Department of Anesthesiology, Intensive Care, and Acute Poisoning, Pomeranian Medical University, Szczecin, Poland;3. Clinical Microbiology, Teaching Hospital No 2, Pomeranian Medical University, Szczecin, Poland;4. Clinic of Anesthesiology and Intensive Care, Pomeranian Medical University, Szczecin, Poland;5. Department of Anesthesiology, Intensive Care, and Acute Poisoning, Pomeranian Medical University, Szczecin, Poland;1. Korea National Cleaner Production Center, Korea Institute of Industrial Technology (KITECH), Hanshin intervalley24 East B/D 18F, 322 Teheran-ro, Gangnam-gu, Seoul 135-918, Republic of Korea;2. Research Center of Sustainable Strategy, YESSorg (Your Environment & Sustainability Service Organization) Co. Ltd., Dae-o B/D 307, 148-11, 636 Achasan-ro, Gwangjin-gu,, Seoul 143-802, Repubic of Korea;1. Civil and Environmental Engineering Department, Amirkabir University of Technology (AUT), Hafez Street, Tehran 15875-4413, Iran;2. Iran Small Industries & Industrial Parks Organization, Shahid Khoddami Street, Tehran 19947-68351, Iran |
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| Abstract: | Despite numerous studies, the ‘Porter Hypothesis’ (PH), which states well-designed regulations can compel manufacturers to develop innovations with both economic and environmental benefits, remains unsettled. We examine two significant cases for which PH claims were once made: the British alkali industry and the (Tennessee) Copper Basin smelting operations. Our conclusions are: (1) the PH is based on a flawed understanding of how ‘win win’ innovations spontaneously emerge in competitive settings, (2) regulatory pressures were only one (and typically minor) factor, and (3) “strict and well designed” environmental regulations are unlikely to deliver superior outcomes to traditional property rights-based approaches. |
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