THE ENVIRONMENT AND ECONOMICS - THE IMPACT OF RESTRICTING THE SO2 ALLOWANCE MARKET

被引:8
作者
BERNSTEIN, M [1 ]
FARRELL, A [1 ]
WINEBRAKE, J [1 ]
机构
[1] UNIV PENN,CTR ENERGY & ENVIRONM,PHILADELPHIA,PA 19104
关键词
ENERGY POLICY; SULFUR DIOXIDE ALLOWANCE TRADING; ENVIRONMENTAL POLICY;
D O I
10.1016/0301-4215(94)90050-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes the effects of several types of regulatory policy on the operation of the SO2 allowance trading system established in the US Clean Air Act Amendments of 1990 (CAAA). Theoretically, such a system can achieve environmental goals at least cost. However, regional environment and employment concerns have suggested regulations in some states that will restrict full market operation, thereby negating many of the efficiency gains that market based regulation is designed to capture. This paper determines the costs of these regulatory interventions. These costs can be compared with employment and environmental impacts to assist policy makers in their regulatory decisions.
引用
收藏
页码:748 / 754
页数:7
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