 The Feasibility of Marketable Emissions Permits in the United StatesChapter 10 in Public Sector Economics, 1983, pp 189-225 from Palgrave Macmillan Abstract: Abstract In the decade of the 1970s, the United States Government vigorously pursued a policy to reduce substantially the pollution of the nation’s air and water. Beginning with the Clean Air Act in 1963, a series of laws were passed which expanded the role of the federal government in setting and enforcing environmental policy goals, set substantially more ambitious goals in terms of the purity of air and water, and increased dramatically the resources available for writing and enforcing pollution regulations. Although all the returns are not in and considerable disagreement about the exact figures remains, a reasonable estimate of the cost of environmental regulation is in the range of thirty to fifty billion dollars annually. In some industries, such as chemicals, electric power generation and mining, the cost of compliance with environmental regulation accounts for as much as ten per cent of investment expenditures, and five per cent of annual sales.2 Keywords: Permit Price; Emission Permit; Abatement Technology; Initial Allocation; Permit Market (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06504-2_10 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-06504-2_10 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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