Abstract
Emission trading offers the potential for substantial cost savings in achieving environmental goals. Although economists have long argued for the use of trading and other incentive-based mechanisms, it is only within the last decade that interest has become substantially more widespread in the United States. The national S02 allowance-trading programme established by the Clean Air Act Amendments of 1990 (CAAA) is the most significant trading programme to date. In Southern California, the South Coast Air Quality Management District (SCAQMD) has established an ambitious trading programme (“RECLAIM”) to help it address that region’s air-pollution problems, that are the most severe and intractable in the United States. The U.S. Environmental Protection Agency (EPA) is attempting to spur the development of new trading programmes in other areas as well and has recently issued a proposal to simplify the process of establishing new trading programmes (60 Fed. Reg 39668).
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Nichols, A.L. (1997). Designing a Trading Programme for Emissions of Nitrogen Oxides in the Northeastern United States. In: Jeanrenaud, C. (eds) Environmental Policy Between Regulation and Market. Themenhefte Schwerpunktprogramm Umwelt. Birkhäuser Basel. https://doi.org/10.1007/978-3-0348-9012-0_8
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DOI: https://doi.org/10.1007/978-3-0348-9012-0_8
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