Greenhouse Gas Disclosure and Emissions Benchmarking
研究美国温室气体报告计划对工业设施排放的影响，发现披露排放数据后设施减排7.9%，基准比较是驱动因素，企业担忧未来立法是动机，仅测量不披露无效。
ABSTRACT I examine the effects of the U.S. Greenhouse Gas (GHG) Reporting Program, which requires thousands of industrial facilities to measure and report their GHG emissions. I show that facilities reduce their GHG emissions by 7.9% following the disclosure of emissions data. The evidence indicates that benchmarking—whereby facilities use the disclosures of their peers to assess their own relative GHG performance—spurs emission reductions. Firms' concerns about future legislation appear to motivate this behavior and measurement alone (without disclosure) seems not to reduce emissions. My study highlights how mandatory GHG disclosure can create real effects for peers.