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The influence of different characteristics of the EU enviromental management and auditing scheme on technical enviromental innovations and economic performance

Environmental modernization of the economy includes the implementation of environmental policies which connect environmental management to technical environmental innocations and improved evonomic performance. Some of the most important instruments in this respect are standards for environmental management systems such as the EU Environmental Management and Auditing Scheme (EMAS). Based on a unique data set of German EMAS-validated facilities, this paper investigates the effects of different characteristics of EMAS on technical environmental innovations and economic performance.