|
|
| Norris, Patricia E.; Brown, Elaine M.; Batie, Sandra S.. |
| After much debate and many legislative proposals, the Clean Air Act was amended in 1990 to allow more flexibility in meeting emissions standards for SO2. Specifically, an SO2 emissions allowance trading program was implemented. Firms can meet emission standards by any pollution control method, including buying emission allowances from other firms. Analysts have concluded that, with the changes in the Clean Air Act, SO2 emissions have been reduced by 50 percent and at an estimated $7 billion less than the anticipated cost of the regulatory command-and-control system. Not surprisingly, policy analysts have explored the opportunities for implementing similar market-based systems for water pollution control. Because much of the on-going impairment of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/11798 |
| |
