Markets for Clean Air - The U.s. Acid Rain Program

List of contents

List of illustrations; List of tables; Authors; Preface; Acknowledgments; 1. A market-based experiment; 2. A political history of Federal Acid Rain Legislation; 3. The political economy of allowance allocations; 4. The pre-1995 trend in SO2 emissions; 5. Title IV compliance and Emission reductions, 1995¿97; 6. Emissions trading: the effect on abatement behavior; 7. Emissions trading: development of the allowance market; 8. Title IV's voluntary compliance program; 9. The cost of compliance with the Title IV in Phase I; 10. Cost savings from emissions trading; 11. Errors, imperfections, and allowance prices; 12. Concluding observations.

Summary

A comprehensive description and evaluation of the first three years of the U.S. Acid Rain Program. The authors analyze the market for emissions permits, called allowances in the Acid Rain Program, and quantifies the emission reductions, compliance costs, and cost savings associated with the trading program.

Product details

• Authors: A. Denny Ellerman, A. Denny (Massachusetts Institute of Tec Ellerman, A. Denny Joskow Ellerman, Paul L. Joskow, Richard Schmalensee
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 19.06.2000
• EAN: 9780521660839
• ISBN: 978-0-521-66083-9
• No. of pages: 388
• Subjects: Natural sciences, medicine, IT, technology > Biology > Ecology; Social sciences, law, business > Business > General, dictionaries