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| Burtraw, Dallas. |
| This paper reports on four areas of research concerning Title IV of the 1990 Clean Air Act Amendments that regulates emissions of SO2 from electricity generation. The first is the costs of the program over the long-run as estimated from the current perspective taking into account recent changes in fuel markets and technology. We compare projected costs with potential cost savings that can be attributable to formal trading of emission allowances. The second area is an evaluation of how well allowance trading has worked to date. The third area is the relationship between compliance costs and economic costs from a general equilibrium perspective. The fourth area is a comparison of benefits and costs for the program. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Acid rain; Benefit-cost analysis; Air pollution; Permit trading; Clean Air Act; Environmental Economics and Policy; H43; Q2; Q4. |
| Ano: 1998 |
URL: http://purl.umn.edu/10885 |
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| Burtraw, Dallas; Mansur, Erin T.. |
| The 1990 Clean Air Act Amendments initiated a dramatic reduction in emissions of sulfur dioxide and nitrogen oxides by electric power plants. This paper provides an evaluation of the environmental and public health consequences of the trading and banking provisions of Title IV. A sizable shift in the geographic location of emissions under Title IV (in some states of over 20 percent of emissions after Title IV is implemented) is attributable to trading and/or to banking. There has been considerable concern that this shift in emissions would cause harm to downwind areas due to long-range transport of pollution. We find the resulting change in atmospheric concentrations and deposition of pollutants, and the change in monetized health benefits, are most... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Acid rain; Sulfur dioxide; Trading; Benefit-cost analysis; Clean Air Act; Environmental Economics and Policy; H43; Q2; Q4. |
| Ano: 1999 |
URL: http://purl.umn.edu/10630 |
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| Burtraw, Dallas. |
| Title IV of the 1990 amendments to the Clean Air Act initiated a historic experiment in incentive-based environmental regulation through the use of tradable allowances for emission of sulfur dioxide by electric generating facilities. To date, relatively little allowance trading has taken place; however, the costs of compliance have been much less than anticipated. The purpose of this paper is to address the apparent paradox that the allowance trading program may not require (very much) trading to be successful. Title IV represented two great steps forward in environmental regulation: first a move toward performance standards and second formal allowance trading. The first step has been sufficient to date for improving dynamic efficiency and achieving... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Emission trading; SO2; Clean Air Act; Cost-effectiveness; Incentive-based regulation; Environmental Economics and Policy; Q25; Q28; Q48; L51. |
| Ano: 1996 |
URL: http://purl.umn.edu/10682 |
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