The REACH directive and its impact on the European chemical industry: a critical review
Author: Lorenz, Tobias ; Lebreton, Baptiste ; Van Wassenhove, Luk N.INSEAD Area: Technology and Operations Management Series: Working Paper ; 2008/53/ISIC Publisher: Fontainebleau : INSEAD Social Innovation Centre (ISIC) 2008.Language: EnglishDescription: 29 p.Type of document: INSEAD Working Paper Online Access: Click here Abstract: The REACH Directive, requiring the registration and testing of more than 30,000 existing chemical substances prior to selling them in the European Union, has been very controversial from its initial draft in 2001 to its adoption in 2006. In the course of lobbying actions, various studies have been published to assess the implementation costs of REACH, and cost estimations range from $500 million to $150 billion. A recent survey by INSEAD shows that the chemical industry is still very pessimistic about the long-term impact of REACH on the competitiveness of the European manufacturing base. The objective of this article is to explore to what extent REACH will impact Europes chemical manufacturing sector. For this purpose we present the main characteristics of the legislation in a first section. We then review the impact assessment studies published in section two. Based on these studies, we investigate whether REACH could impact future product innovation as well as hurt Europes cost competitiveness on global markets in section three. We conclude that the impact will most probably be minor but that more empirical evidence is required.| Item type | Current location | Collection | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|
|
Digital Library | Available | BC008385 |
The REACH Directive, requiring the registration and testing of more than 30,000 existing chemical substances prior to selling them in the European Union, has been very controversial from its initial draft in 2001 to its adoption in 2006. In the course of lobbying actions, various studies have been published to assess the implementation costs of REACH, and cost estimations range from $500 million to $150 billion. A recent survey by INSEAD shows that the chemical industry is still very pessimistic about the long-term impact of REACH on the competitiveness of the European manufacturing base. The objective of this article is to explore to what extent REACH will impact Europes chemical manufacturing sector. For this purpose we present the main
characteristics of the legislation in a first section. We then review the impact assessment studies published in section two. Based on these studies, we investigate whether REACH could impact future product innovation as well as hurt Europes cost competitiveness on global markets in section three. We conclude that the impact will most probably be minor but that more empirical evidence is required.
Digitized
There are no comments for this item.