U.S. Emissions Trading Markets for SO2 and NOx
Resources for the Future Discussion Paper No. 09-40
42 Pages Posted: 17 Oct 2009
Date Written: October 16, 2009
Abstract
The U.S. Clean Air Act Amendments of 1990 initiated the first large experiment in the use of market-based regulation to control environmental problems with the introduction of an emissions trading program for sulfur dioxide emissions. Later that decade the second large trading program began for control of nitrogen oxide emissions. Although these programs are widely viewed as successful, their development and the emergence of associated environmental markets took various turns that provide lessons for the development of new markets, including markets for greenhouse gas emissions. This paper reviews the history of these programs and provides a glimpse of their future given the introduction of new regulations affecting multiple pollutants and given the expected implementation of climate policy.
Keywords: market-based regulation, Clean Air Act, electricity generation, air pollution, sulfur dioxide, nitrogen oxides
JEL Classification: H23, Q25, Q28, D78
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
By Meredith Fowlie, Stephen P. Holland, ...
-
By Meredith Fowlie, Stephen P. Holland, ...
-
Averting Regulatory Enforcement: Evidence from New Source Review
By Nathaniel O. Keohane, Erin T. Mansur, ...
-
Environmental Justice and Domestic Climate Change Policy
By Alice Kaswan
-
Environmental Justice and Environmental Law
By Alice Kaswan
-
An Update on the Science of Acidification in the Adirondack Park
By Anna Mische John, Dallas Burtraw, ...
-
Nepa and Environmental Justice: Integration, Implementation, and Judicial Review
By Uma Outka
-
By Shalini P. Vajjhala, Sarah Szambelan, ...