| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
Economics of Pollution Trading for SO2 and NOx
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| Autores: |
Burtraw, Dallas
Evans, David A.
Krupnick, Alan J.
Palmer, Karen L.
Toth, Russell
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| Data: |
2005-10-26
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| Ano: |
2005
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| Palavras-chave: |
Sulfur dioxide
Nitrogen oxides
Emission trading
Power plants
Air pollution
Environmental Economics and Policy
H23
Q25
Q28
D78
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| Resumo: |
For years economists have urged policymakers to use market-based approaches such as cap-and-trade programs or emission taxes to control pollution. The SO2 allowance market created by Title IV of the 1990 U.S. Clean Air Act Amendments represents the first real test of the wisdom of economists' advice. Subsequent urban and regional applications of NOx emission allowance trading took shape in the 1990s in the United States, culminating in a second large experiment in emission trading in the eastern United States that began in 2003. This paper provides an overview of the economic rationale for emission trading and a description of the major U.S. programs for sulfur dioxide (SO2) and nitrogen oxides (NOx). We evaluate these programs along measures of performance including cost savings, environmental integrity, and incentives for technological innovation. We offer lessons for the design of future programs including, most importantly, those reducing carbon dioxide.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
|
| Identificador: |
18671
http://purl.umn.edu/10488
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| Editor: |
AgEcon Search
|
| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 05-05
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| Formato: |
59
application/pdf
|
