Enterprise Environmental Protection Behaviors Under Regulation Of Emission Tradable Policy

Since reform and opening up policies were implemented, Chinese economy has increased rapidly. But, environmental pollution problem has become one of the main factors to achieve sustainable development in China. Grounded in the Coase Theory, emissions tradable policy, as a new market-oriented environmental regulation policy, is considered effective in reducing emissions by Clarification of environment property right to make environmental negative externalities internalized by market-oriented methods for pollution control. The emissions tradable policy is an important way to fulfill the target of total pollution load control in China and it is beneficial to implement the emission tradable policy to solve the pollution problem with the increasing severe environmental situation.Enterprises play a key role in the implementation of emissions tradable policy. The choices of environmental protection decisions and behaviors that enterprises make would determinate the effect of emission tradable policy. When many provinces in China have started to pilot the emissions tradable policy, it is important to study the mechanisms on emissions tradable policy impacting on enterprise environmental protection behaviors for government to draw up and improve the supporting measures and polices for guiding the enterprise behaviors in energy conservation and emission reduction.The dissertation exploit the intrinsic motivation that emissions tradable policy impacts on enterprise environmental protection behaviors and factors that enterprises make their decisions on environmental protection behaviors. A decision model is set up for simulating enterprises to make their decisions on environmental protection behaviors under the regulation of emission tradable policy. Based on the investigation data of223enterprises from Zhejiang Province, influencing factors that enterprises make their decisions on environmental protection behaviors under the regulation of emission tradable policy are empirical analyzed from exploiting the enterprises behaviors of compliance on emission tradable policy, investment strategies selection on environmental protection and adoption on new environmental protection technology respectively by using qualitative and quantitative methodologies.The main results in the study on enterprises behaviors of compliance on emission tradable policy are shown as followings:66.4%enterprises from Zhejiang Province will comply with the emission tradable policy. The degree that enterprises know the policy has significant positive effect on compliance willingness of enterprises, which is the main determinant that enterprises comply with the policy. Enterprises compliance willingness and strength that local government implement the policy has U-shaped relationship, in which, the compliance willingness of enterprises is highest in Jiaxing City, where strength that local government implement the policy is biggest, while enterprises take the second place where local government don't impalement the policy. The factors including tolerant ability of risk, pollution level of industry, supervision by public, local preferential policies to promote enterprises to comply with the policy, have significant positive effect on compliance willingness, but business organizations, such as chamber of commerce and association, etc. have negative effect on compliance willingness.The main results in the study on enterprises behaviors of investment strategies selection on environmental protection under the regulation of emission tradable policy are shown as followings:the percentage that enterprises select the active investment strategies, compliance investment strategies and avoidant investment strategies is45.3%,35.9%and18.8%respectively. When enterprises select the active investment strategies and compliance investment strategies, the willingness of investment strategies that enterprises select and strength that local government implement the policy shows U-shaped relationship. While, enterprises select the avoidant investment strategies, the willingness of avoidant investment strategies that enterprises select and strength that local government implement the policy has inverted U-shaped relationship. The emission tradable policy could promote enterprises to select the active investment strategies and compliance investment strategies significantly. Expectation that the permit price rise could also stimulates enterprises to select active and compliance investment strategies, but enterprises prefer to take compliance investment strategies. Enterprise scale has significant positive effect on active and compliance investment strategies selection, and the greater the scale of the enterprise has, the more likely enterprise prefers to select the active investment strategies. Honor number that enterprises get because of their behaviors on environmental protection has significantly positive effect on the active and compliance investment strategies selection, while enterprises prefer to take the compliance investment strategies. Pressure on pollution abatement that enterprises are facing has significantly positive effect on the investment strategies selection. The more the pressure enterprises have, the more likely enterprises prefer to select the active investment strategies. Environmental disputes between communities and enterprises have negative effect on investment strategies selection. Business organizations, such as, chamber of commerce and association, etc. have positive effect significantly on active investment strategies selection, but does not have a significant impact on compliance investment strategies.The main results are shown in the study on enterprises adoption behaviors on new environmental protection technology:60.5%enterprises from Zhejiang Province prefer to adopt new environmental protection technology under the regulation of emission tradable policy. Willingness that enterprises adopt new environmental protection technology and strength that local government implements the policy has U-shaped relationship. But, strength that local government implements the policy could not promote enterprises willingness to adopt new environmental protection technology significantly. Price expectations of permit could stimulate enterprises to adopt new environmental protection technology. It is not always involved between the compliance willingness on emission tradable policy and adoption willingness on new environmental protection technology. The factors including public technology service from government, current situation of environmental protection of enterprises, tolerant ability of risk, supervision by public have significant positive effect on adaptation willingness on new environmental protection technology. But environmental pressures from communities have negative effect on adaptation on new environmental protection technology.The purpose of the dissertation is to provide suggestions for government, especially the environmental protection bureaus, to make up and motive supporting measures and polices to implement the emission tradable policy effectively. Based on the results mentioned above, measurements and policies should be made:(1) Government should go further to conduct institution innovation for improving the emission tradable policy. The government should stimulate the initiative and creativity from regional environmental protection departments, and summarizes the experience from regional environmental protection departments. The corresponding policy regulation terms should be amending according to the practice and feedback from regional environmental protection departments.(2) When piloting and implementation the emission tradable policy, government should improve the implementation strength of the policy promptly to eliminate the uncertainty of policy for promoting enterprises breakthrough the inflection point of U curve as soon as possible to increase the effect of the policy.(3) Different and specific supporting measures should be made according to the actual situation of industry, local economy and environmental capacity.(4) The emissions tradable market should be built and updated to induce enterprises to make permit transaction smoothly. Some measurements, such as, permit mortgage loans, permit repurchase, permit auction, etc. should be draw up and improved.(5) It is beneficial to develop non-governmental organization (NGO) to improve the supervisory ability of communities supervising the environmental violations of enterprises.(6) It is important to make use of business organizations, such as chamber of commerce and association, etc. reasonably and effectively for guiding enterprises to make environmental protection behaviors.