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Reducing information asymmetry in the power industry: Mandatory and voluntary information disclosure regulations of sulfur dioxide emission

Zhu, Xufeng and Zhang, Chao LU (2012) In Energy Policy 45. p.704-713
Abstract
This paper focuses on the institutional framework for sulfur dioxide emission information disclosure (SDEID) in power industries. The authors argue that mandatory and voluntary SDEID are two complementary regulatory instruments for emission reduction in the power industry. An analytical framework of SDEID with six facets is suggested in this paper to demonstrate relevant legal provisions and regulatory policies of mandatory and voluntary SDEID of power industries in the US. Empirical research shows that mandatory and voluntary SDEID of the power industry have been regulated simultaneously in the US. The foundation of power companies' willingness to disclose emission information voluntarily is the combination of mandatory scientific... (More)
This paper focuses on the institutional framework for sulfur dioxide emission information disclosure (SDEID) in power industries. The authors argue that mandatory and voluntary SDEID are two complementary regulatory instruments for emission reduction in the power industry. An analytical framework of SDEID with six facets is suggested in this paper to demonstrate relevant legal provisions and regulatory policies of mandatory and voluntary SDEID of power industries in the US. Empirical research shows that mandatory and voluntary SDEID of the power industry have been regulated simultaneously in the US. The foundation of power companies' willingness to disclose emission information voluntarily is the combination of mandatory scientific monitoring with market regulation in the current SDEID system in the US. In comparison, the SDEID of power industries has yet to be widely implemented in developing countries. Finally, the paper provides some implications to developing countries that plan to learn institutional arrangements from developed countries. (C) 2012 Elsevier Ltd. All rights reserved. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Power industry, Mandatory and voluntary information disclosure, Sulfur, dioxide emission
in
Energy Policy
volume
45
pages
704 - 713
publisher
Elsevier
external identifiers
  • wos:000303956700073
  • scopus:84859745958
ISSN
1873-6777
DOI
10.1016/j.enpol.2012.03.024
language
English
LU publication?
yes
id
50c7e590-6304-4221-bfdc-282efa53383e (old id 2826463)
date added to LUP
2012-06-20 14:19:11
date last changed
2017-01-01 05:59:47
@article{50c7e590-6304-4221-bfdc-282efa53383e,
  abstract     = {This paper focuses on the institutional framework for sulfur dioxide emission information disclosure (SDEID) in power industries. The authors argue that mandatory and voluntary SDEID are two complementary regulatory instruments for emission reduction in the power industry. An analytical framework of SDEID with six facets is suggested in this paper to demonstrate relevant legal provisions and regulatory policies of mandatory and voluntary SDEID of power industries in the US. Empirical research shows that mandatory and voluntary SDEID of the power industry have been regulated simultaneously in the US. The foundation of power companies' willingness to disclose emission information voluntarily is the combination of mandatory scientific monitoring with market regulation in the current SDEID system in the US. In comparison, the SDEID of power industries has yet to be widely implemented in developing countries. Finally, the paper provides some implications to developing countries that plan to learn institutional arrangements from developed countries. (C) 2012 Elsevier Ltd. All rights reserved.},
  author       = {Zhu, Xufeng and Zhang, Chao},
  issn         = {1873-6777},
  keyword      = {Power industry,Mandatory and voluntary information disclosure,Sulfur,dioxide emission},
  language     = {eng},
  pages        = {704--713},
  publisher    = {Elsevier},
  series       = {Energy Policy},
  title        = {Reducing information asymmetry in the power industry: Mandatory and voluntary information disclosure regulations of sulfur dioxide emission},
  url          = {http://dx.doi.org/10.1016/j.enpol.2012.03.024},
  volume       = {45},
  year         = {2012},
}