Markets for Clean Air: The U. S. Acid Rain Program
A. Denny Ellerman, Elizabeth Bailey, R Schmalensee, P JoskowBooks.org participates in affiliate programs including Bookshop.org and the Amazon Services LLC Associates Program. We may earn a commission from qualifying purchases made through links on this page, at no additional cost to you.
Synopsis
Comprehensive description and evaluation of the first three years' of the U.S. Acid Rain Program.
Booknews
Brings together the results of approximately five years of research conducted by the Center for Energy and Environmental Policy Research at MIT<-->with which all the authors have been affiliated<-->and evaluates the public policy experiment with emissions trading initiated by Title IV of the 1990 Clean Air Act Amendments, the U.S. Acid Rain Program. Presented is the historical context in which the trading program developed, and quantifications of emission reductions, compliance costs, and cost savings associated with the emissions trading program, a program the authors call "remarkable." The authors hope this study will contribute to consideration of further market-based systems for meeting at least some demands for environmental improvements. Annotation c. Book News, Inc., Portland, OR (booknews.com)