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ISO 14001 certification and industrial decarbonization: An empirical study
1Department of Agricultural, Environmental, and Development Economics, The Ohio State University, USA.
Journal of Environmental Management
|September 18, 2022
Summary
ISO 14001 certification significantly reduces carbon emissions in Korean manufacturing firms. This voluntary environmental program offers a viable strategy for achieving national carbon reduction goals.
Area of Science:
- Environmental Management
- Industrial Ecology
- Climate Change Mitigation
Background:
- Voluntary environmental programs complement traditional policies for pollution abatement.
- ISO 14001, a global standard for environmental management systems, has seen widespread adoption.
- Carbon emissions are a critical focus for climate change mitigation efforts.
Purpose of the Study:
- To empirically assess the impact of ISO 14001 certification on carbon emissions.
- To investigate the role of voluntary environmental initiatives in pollution reduction within the manufacturing sector.
Main Methods:
- Analysis of a panel dataset of Korean manufacturing firms.
- Econometric modeling to determine the effect of ISO 14001 certification on carbon emissions.
- Instrumental variable strategy to address potential endogeneity.
Main Results:
- ISO 14001 certification leads to a significant reduction in carbon emissions for certified firms.
- The study provides empirical evidence supporting the effectiveness of ISO 14001 in emission abatement.
Conclusions:
- Wider adoption of ISO 14001 in carbon-intensive industries can contribute to national climate change mitigation targets.
- ISO 14001 serves as a credible pathway for industries to achieve substantial carbon emission reductions.
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