ACID RAIN POLLUTANTS AS AN ASSET CLASS

Richard Sandor, Murali Kanakasabai, Rafael Marques and Nathan Clark

Chapter 3 in Sustainable Investing and Environmental Markets:Opportunities in a New Asset Class, 2014, pp 35-58 from World Scientific Publishing Co. Pte. Ltd.

Abstract: “Acid rain” is a broad term referring to a mixture of wet and dry deposition from the atmosphere containing higher-than-normal amounts of nitric and sulfuric acids. It has been virtually eradicated in the United States. Emissions of sulfur dioxide (SO2) and nitrogen oxides (NOx), the main precursors of acid rain, have declined more than 75% from their 1980 levels. In addition, the reductions in SO2 and NOx have dramatically reduced health costs associated with lung disease — the main impact of SO2 and NOx emissions on humans — at a minimal cost to the economy. The eradication of acid rain helped reduce smog, prevented damage to forests, and reduced acidification of lakes and rivers…

Keywords: Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain; Clean Energy Markets (search for similar items in EconPapers)
Date: 2014
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