New evidence shows that industries and companies overestimate the cost of complying with environmental regulations, and that often these regulations can lead to beneficial innovation too. This means that our economy and environment can both win.
There are three reasons environmental regulations can be win-win:
In 2014, OECD researchers gathered the first-ever set of data on environmental regulations and found that “an increase in stringency of environmental policies does not harm productivity growth.” Times are changing. Industries and individual companies are showing significant interest in improved, modern policies and seek action from government and other decision-makers. Environmental regulations are not a trade-off at the expense of economic growth, but rather a win-win for the environment and our bottom line.
Sustainable Prosperity has released a series of reports detailing these findings and suggested actions for government and other decision-makers: http://www.sustainableprosperity.ca/green-tape-measures-up
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