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Impact of ISO 14000 on Energy Intensity of Manufacturing Plants in India

Author

Listed:
  • Bishwanath Goldar

    (Institute of Economic Growth, Delhi 110007, India)

  • Amrita Goldar

    (Indian Council for Research on International Economic Relations (ICRIER), Pushp Vihar, Institutional Area, Saket, New Delhi 110017, India)

Abstract

Using plant-level data for 2008-2017, we examine the impact of the adoption of ISO 14000 by Indian manufacturing plants on their energy intensity. The propensity-score-matching difference-in-difference (PSM-DID) estimator is used to assess the effect. Our results show that the adoption of ISO 14000 tends to reduce energy intensity in Indian manufacturing plants, especially among the low and low-medium technology industries. ISO 14000 lowers energy intensity in industrial plants in energy-intensive industries, and the effect is stronger for the group of such industries covered under the Perform–Achieve–Trade (PAT) scheme of the Indian government, a market-based compliance mechanism for energy efficiency improvement.

Suggested Citation

  • Bishwanath Goldar & Amrita Goldar, 2024. "Impact of ISO 14000 on Energy Intensity of Manufacturing Plants in India," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 15(02), pages 1-28, June.
    • Handle: RePEc:wsi:jicepx:v:15:y:2024:i:02:n:s179399332450011x
    DOI: 10.1142/S179399332450011X
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    More about this item

    Keywords

    ISO 14000; energy intensity; Indian manufacturing; treatment effect; PSM-DID estimator;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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