The Power of an Idea

Richard L. Sandor

Chapter 37 in How I Saw It:Analysis and Commentary on Environmental Finance (1999–2005), 2017, pp 152-155 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Stories about the demise of sulfur dioxide (SO2) emissions trading appear routinely every year. This year was different—there seemed to be more of them. Some implicated the program in local mortality rates; others predicted the complete failure of the program while erroneously linking it to unsuccessful lawsuits that would have brought older plants under new regulation. Forward prices were going to collapse and the entire SO2 allowance market with it. However, it now appears that the death of “cap and trade” systems are tomorrow’s story and, parenthetically, promise to always be so…

Keywords: Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain (search for similar items in EconPapers)
JEL-codes: Q50 (search for similar items in EconPapers)
Date: 2017
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