| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
The SO2 Allowance Trading System and the Clean Air Act Amendments of 1990: Reflections on Twenty Years of Policy Innovation
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| Autores: |
Chan, Gabriel
Stavins, Robert N.
Stowe, Robert
Sweeney, Richard
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| Data: |
2012-03-14
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| Ano: |
2012
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| Palavras-chave: |
Cap-and-Trade
Market-Based Environmental Policy
Acid Rain
Sulfur Dioxide
Clean Air Act Amendments
Environmental Economics and Policy
Q520
Q550
Q580
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| Resumo: |
The introduction of the U.S. SO2 allowance-trading program to address the threat of acid rain as part of the Clean Air Act Amendments of 1990 is a landmark event in the history of environmental regulation. The program was a great success by almost all measures. This paper, which draws upon a research workshop and a policy roundtable held at Harvard in May 2011, investigates critically the design, enactment, implementation, performance, and implications of this path-breaking application of economic thinking to environmental regulation. Ironically, cap and trade seems especially well suited to addressing the problem of climate change, in that emitted greenhouse gases are evenly distributed throughout the world’s atmosphere. Recent hostility toward cap and trade in debates about U.S. climate legislation may reflect the broader political environment of the climate debate more than the substantive merits of market-based regulation.
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| Tipo: |
Working Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/121722
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| Relação: |
Fondazione Eni Enrico Mattei (FEEM)>Climate Change and Sustainable Development
CCSD
6.2012
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| Formato: |
43
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