Municipalities sometimes try to demonstrate their commitment to sustainability by creating "green" structures for their public sector buildings. Does this really achieve much of anything beyond symbolism? Timothy Simcoe and Michael Toffel find that it does, specifically that public sector investment in green buildings seems to stimulate greenness in the private sector:
We measure the impact of municipal policies requiring governments to construct green buildings on private-sector adoption of the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) standard. Using matching methods, panel data, and instrumental variables, we find that government procurement rules produce spillover effects that stimulate both private-sector adoption of the LEED standard and supplier investments in green building expertise. Our findings suggest that government procurement policies can accelerate the diffusion of new environmental standards that require coordinated complementary investments by various types of private adopter.
Here's an ungated version.
TODAY IN SLATE
Smash and Grab
Even When They Go to College, the Poor Sometimes Stay Poor
Here’s Just How Far a Southern Woman May Have to Drive to Get an Abortion
The Most Ingenious Teaching Device Ever Invented
Marvel’s Civil War Is a Far-Right Paranoid Fantasy
It’s also a mess. Can the movies do better?
Sprawl, Decadence, and Environmental Ruin in Nevada
An All-Female Mission to Mars
As a NASA guinea pig, I verified that women would be cheaper to launch than men.