School of Humanities and Social Science Division of Social Science 212 The Impacts of Green Finance Supervisor: WANG Wen / SOSC Student: XIE Xiaoming / QSA Course: UROP1100, Fall This project investigates the impacts of environmental regulations on reducing pollution through encouraging green innovation. The two regulations investigated are the Green Credit Policy and the pollution tax system. The main tasks for this program include a literature review and data exploration. According to a literature search, some environmental regulations reduce pollution while others have reverse effects, causing firms to produce more to offset the additional pollution cost. Green technology may give rise to cleaner production and reduce pollution costs per production, allowing firms to produce more and emit more pollution. Data exploration shows a positive correlation between policies and green technology and a positive correlation between technology and pollution. The Impacts of Green Finance Supervisor: WANG Wen / SOSC Student: YAO Wing Lam / QSA Course: UROP1100, Fall The government policy can always influent firms’ decisions and behaviors. In March 2010, the former U.S. President Barack Obama established the Affordable Care Act (ACA), which requires firms to offer some affordable health care insurances to employees. However, this may increase the operating costs of firms. Therefore, the companies may decide to take actions to reduce the cost of health care insurance such as switching to cleaner production, moving to locations with a better environment or cheap labor. In this project, we investigate if ACA has influenced US companies’ decisions in production, location, and employment. In addition, we will explore whether the Act can increase cleaner productions and decrease pollution emissions.
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