What are the Economic Incentives for Pollution Prevention?
Adopting pollution prevention practices and techniques often benefits industry by lowering a company’s operational and environmental compliance costs. By preventing the generation of waste, P2 can also reduce or eliminate long-term liabilities and clean-up costs. Furthermore, disposal costs are reduced when the volume of waste is decreased. This can also lead to a reduction in workplace exposures to hazardous materials which can affect workers’ health and hence, their productivity. If less waste is produced, there will also be a diminshed need for on-site storage space. Furthermore, by preventing pollution there will be a greater likelihood that a company will be in compliance with local, state, and federal compliance statutes. Finally, as community pillars, businesses shoulder an important responsibility for protecting the environment and natural resources for their own good as well as that of society.