Global CO2 emissions trading: Early lessons from the U.S. acid rain program

1995 ◽  
Vol 30 (1) ◽  
pp. 75-96 ◽  
Author(s):  
Barry D. Solomon
Keyword(s):  
Acid Rain ◽  
Co2 Emissions ◽  
Emissions Trading ◽  
Acid Rain Program ◽  
The U.S

scholarly journals An Interim Evaluation of Sulfur Dioxide Emissions Trading

1998 ◽  
Vol 12 (3) ◽  
pp. 53-68 ◽  
Author(s):  
Richard Schmalensee ◽  
Paul L Joskow ◽  
A. Denny Ellerman ◽  
Juan Pablo Montero ◽  
Elizabeth M Bailey
Keyword(s):  
Sulfur Dioxide ◽  
Acid Rain ◽  
Large Scale ◽  
Emissions Trading ◽  
Tradeable Permits ◽  
Abatement Costs ◽  
Sulfur Dioxide Emissions ◽  
Acid Rain Program ◽  
The U.S

This paper summarizes recent empirical research on compliance costs and strategies and on permit market performance under the U.S. acid rain program, the first large-scale, long-term program to use tradeable emissions permits to control pollution. An efficient market for emissions permits developed in a few years, and this program more than achieved its early goals on time, and it cost less than had been projected. Because of expectation errors, however, investment was excessive, and permit prices substantially understate abatement costs. The tradeable permits approach has worked well, but it is not a miracle cure for environmental problems. Coauthors are Paul L. Joskow, A. Denny Ellerman, Juan Pablo Montero, and Elizabeth M. Bailey.

A Review of Markets for Clean Air: The U.S. Acid Rain Program by A. Denny Ellerman, Paul L. Joskow, Richard Schmalensee, Juan-Pablo Montero, and Elizabeth M. Bailey

2000 ◽  
Vol 38 (3) ◽  
pp. 627-633 ◽  
Author(s):  
Peter Cramton
Keyword(s):  
Acid Rain ◽  
So2 Emission ◽  
Policy Makers ◽  
Control Approach ◽  
Sulfur Dioxide Emissions ◽  
Acid Rain Program ◽  
Innovative Program ◽  
Clean Air ◽  
And Control ◽  
The U.S

Markets for Clean Air is the definitive text on the U.S. acid rain program. This innovative program uses a cap-and-trade approach, rather than the traditional command-and-control approach, to reduce sulfur dioxide emissions. The authors conclude that the program was successful in cutting the costs of SO2 emission reductions by about half, saving tens of billions of dollars. Both scholars and policy makers will have a better sense of the virtues and pitfalls of market-based regulation after reading this.

scholarly journals Cap-and-Trade: The Evolution of an Economic Idea

2010 ◽  
Vol 39 (3) ◽  
pp. 359-367 ◽  
Author(s):  
Tom Tietenberg
Keyword(s):  
Economic Analysis ◽  
Greenhouse Gases ◽  
Acid Rain ◽  
Emissions Trading ◽  
Carbon Market ◽  
International Programs ◽  
Current Role ◽  
The Past ◽  
Global Carbon ◽  
The U.S

Over the past three decades or so, emissions trading has evolved from an idea that was little more than an academic curiosity to its current role as the centerpiece of the U.S. program to control acid rain and international programs to control greenhouse gases. This essay identifies some of the key milestones of this evolution, describes how that evolution was shaped by economic analysis, elicits some of the lessons about the design and effectiveness of emissions trading that have emerged from analysis of that evolution, and points out a few of the barriers that lie in the path of achieving a truly global carbon market.

scholarly journals The U.S. Acid Rain Program: Key Insights from the Design, Operation, and Assessment of a Cap-and-Trade Program

2007 ◽  
Vol 20 (7) ◽  
pp. 47-58 ◽  
Author(s):  
Sam Napolitano ◽  
Jeremy Schreifels ◽  
Gabrielle Stevens ◽  
Maggie Witt ◽  
Melanie LaCount ◽  
...  
Keyword(s):  
Acid Rain ◽  
Cap And Trade ◽  
Acid Rain Program ◽  
The U.S
Sign in / Sign up

Export Citation Format

Share Document