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Manufacturers often quote compliance rules and internal cost saving regulations as justification.
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THE cost saving is peanuts, really.
The cost saving is 15.7%.
"Cost saving is very important".
The average cost saving was $7844.
Net cost saving was also considered.
The basic treatment cost saving was €1291.
Compared with what acquiring banks would have to pay, the scope for cost savings is limited: products, regulations and taxes still differ enormously from one European country to the next.
Hence, we suggest that firms initiate eco-innovations in order to satisfy the minimum customer and societal requirements, yet, increased investments in eco-innovations are stimulated by other factors such as cost savings, firms' organisational capabilities, and stricter regulations.
Palmer et al. (1995) challenged Porter's hypothesis by referring to Census Bureau data showing that the cost savings firms reap from complying with environmental regulations amount to no more than 2percentt of firms' overall regulatory compliance costs.
To the extent that a nationwide carbon tax replaces such state-level regulations, there can be considerable cost savings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com