U.S. Emissions Trading Markets for SO2 and NOx

Dallas Burtraw and Sarah Jo Szambelan

RFF Working Paper Series from Resources for the Future

Abstract: The U.S. Clean Air Act Amendments of 1990 initiated the first large experiment in the use of market-based regulation to control environmental problems with the introduction of an emissions trading program for sulfur dioxide emissions. Later that decade the second large trading program began for control of nitrogen oxide emissions. Although these programs are widely viewed as successful, their development and the emergence of associated environmental markets took various turns that provide lessons for the development of new markets, including markets for greenhouse gas emissions. This paper reviews the history of these programs and provides a glimpse of their future given the introduction of new regulations affecting multiple pollutants and given the expected implementation of climate policy.

Keywords: market-based regulation; Clean Air Act; electricity generation; air pollution; sulfur dioxide; nitrogen oxides (search for similar items in EconPapers)
JEL-codes: D78 H23 Q25 Q28 (search for similar items in EconPapers)
Date: 2009-10-15
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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