|
|
|
|
|
| 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 |
| |
|
| |
|
|
| Burtraw, Dallas. |
| The 1990 U.S. Clean Air Act Amendments (CAAA) instituted a national program in tradable sulfur dioxide (SO2) emission permits, referred to as "emission allowances," in the U.S. electricity sector. This paper provides a survey and assessment of the SO2 allowance trading program with a focus on the role of innovation. Over the last decade the cost of compliance has fallen dramatically compared with most expectations, and today the total cost of the program is 40-140% lower than projections (depending on the timing of those projections and the counter-factual baseline considered). Marginal costs of reductions are less than one-half the cost considered in most analyses at the time the program was introduced. Innovation accounts for a large portion of these... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Innovation; Incentive-based regulation; SO2 trading; Clean Air Act Amendments; Environmental Economics and Policy; O31; Q25. |
| Ano: 2000 |
URL: http://purl.umn.edu/10599 |
| |
|
|
|
