Despite what critics have historically claimed about the negative impact that progressive environmental policies have on business and the economy, new research is actually demonstrating that green policies can be a boon to the economy.
“Environmental regulation can in fact increase worker productivity and overall capital accumulation, according to new research from Italian economists, with green taxes having the largest potential effect on productivity.
Their findings, published Jan. 12 in International Economics, confirm the Porter Hypothesis, an economic theory that predicts that environmental policy will lead to innovative growth and productivity, and counter previous theories that environmental policy is a burdensome cost to companies, the researchers noted.”
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