A Study on the Environmental Regulations and Innovation: The Case of the European REACH Regulation

Concerning of relationship between environmental regulations and innovation, the Porter hypothesis is known as "properly designed environmental regulations induce innovation in enterprises, resulting in an increase in the improvement and benefit competitiveness" It had been carried out various studies for it for a long time, and one of research topic is "What kind of environmental regulations can cause innovation?" In this study, I would like to discuss the relationship between environmental regulation and innovation in this topic using the case study of European Chemical regulations, called REACH regulation. It is said to Environmental Regulations of stakeholder participation, so I discuss the interaction of REACH regulations and corporate innovation. In general" Restrictions on hurdle is high, but there is no alternative and society requires the product" In this case, there is a high possibility to induce innovation. The "stakeholders can participate in policy processes regulating" in the present case, it was indicated it is difficult to induce a revolutionary innovation.