Markets for Clean Air: The U.S. Acid Rain Program (Paperback)

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Markets for Clean Air provides a comprehensive, in-depth description and evaluation of the first three years' experience with the U.S. Acid Rain Program. This environmental control program is the world's first large-scale use of a tradable emission permit system for achieving environmental goals. The book analyzes the behavior and performance of the market for emissions permits, called allowances in the Acid Rain Program, and quantifies emission reductions, compliance costs, and cost savings associated with the trading program. The book also includes chapters on the historical context in which this pioneering program developed and the political economy of allowance allocations.

Product Details
ISBN: 9780521023894
ISBN-10: 0521023890
Publisher: Cambridge University Press
Publication Date: November 17th, 2005
Pages: 388
Language: English