Green for Green: The Cost of Environmental Protection
LOS ANGELES - In a study published by IBISWorld Business, Research Analyst Daniel Krohn reports that as the EPA implements environmental regulations, the prices of goods and services from three key sectors will rise.
American concern for preserving natural resources and promoting sustainability has grown substantially during the past decade. This trend has spurred strong denizen support for government regulations that protect the environment from corporate exploitation, which has urged the Environmental Protection Agency (EPA) in particular to institute legislation that will hold businesses more accountable for their impacts on the environment – particularly those in the energy, construction and mining sectors. To do so, operational costs for the companies in these sectors are on the rise as they strive to comply with regulation and lessen their environmental impact, a trend that is anticipated to continue in the coming years. As a result, businesses that are heavily reliant on goods and services from the energy, construction and mining sectors are likely to see their own operational costs rise as their suppliers pass down cost increases.