Emissions Trading: Environmental Policy's New Approach / Edition 1by Richard F. Kosobud, Douglas L. Schreder, Holly M. Biggs
Pub. Date: 01/28/2000
A mid the tangle of checkered progress, increasing control costs, and resistance that has typified environmental emissions regulation over the past three decades, emissions trading stands out as a cost-effective, flexible, non-confrontational exception. Successful early applications of this market-based incentive program have attracted a good deal of attention and… See more details below
A mid the tangle of checkered progress, increasing control costs, and resistance that has typified environmental emissions regulation over the past three decades, emissions trading stands out as a cost-effective, flexible, non-confrontational exception. Successful early applications of this market-based incentive program have attracted a good deal of attention and created a growing demand for more information among all affected parties, including business, government, public interest, and academic communities. Emissions Trading provides a clear and authoritative presentation of the new incentive-based policy tool through which business and government share in the execution of environmental policy. Leading researchers and implementers from industry, government, and academia report on the history, progress, and practical application of this tool and analyze its performance to date. They also provide significant detail on the design and performance of emissions trading that goes far beyond a "how-to" manual. The goal of this reference is to generate an understanding of the realities of emissions trading, its successes and shortcomings, and the dynamics of new applications. Each of the book's seven parts deals with the key features of emissions trading, including:Incentive-based environmental quality control
• Views from market designers and administrators
• The national cap-and-trade market to reduce acid rain
• Regional cap-and-trade markets to reduce urban smog
• Voluntary discrete emission reductions
Replete with examples, data, and illustrations that explain the major concepts and applications behind emissions trading, organize evidence on performance, and summarize new EPA data on trades of emissions, this timely reference is the definitive guide for manufacturing and engineering managers, R&D professionals, quality managers, policy makers, and environmental lawyers and management consultants.
Table of Contents
INCENTIVE-BASED ENVIRONMENTAL QUALITY CONTROL.
Emissions Trading Emerges from the Shadows (R. Kosobud).
APPRAISING ENVIRONMENTAL POLICY'S NEW APPROACH.
What Do We Really Know about Market-Based Approaches to Environmental Policy?: Lessons from Twenty-Five Years of Experience (R. Stavins).
From Porcopolis to Carbopolis: The Evolution from Pork Bellies to Emissions Trading (W. Nordhaus).
Some Observations on the Evolution of the International Greenhouse Gas Emissions Trading Market (R. Sandor & M. Walsh).
VIEWS FROM THE MARKET DESIGNERS AND ADMINISTRATORS.
Emissions Trading Designs in the OTAG Process (M. Gade & R. Kanerva).
A Tale of Two Revolutions: Administration of the SO_2 Trading Program (J. Kruger, et al.).
AN APPLICATION AT CENTER STAGE: THE PIONEERING NATIONAL CAP-AND-TRADE MARKET TO REDUCE ACID RAIN.
Appraisal of the SO_2 Cap-and-Trade Market (D. Burtraw).
From Autarkic to Market-Based Compliance: Learning from Our Mistakes (A. Ellerman).
AN APPLICATION AT CENTER STAGE: THE PIONEERING REGIONAL CAP-AND-TRADE MARKET TO REDUCE URBAN SMOG.
The RECLAIM Program (Los Angeles' Market-Based) Emissions Reduction Program) at Three Years (J. Lents).
AN APPLICATION AT CENTER STAGE: VOLUNTARY DISCRETE EMISSION REDUCTIONS.
Discrete Emission Reductions Trading: Practical Application in the Connecticut Regulatory Environment (J. Belanger).
A PERSPECTIVE ON EMISSIONS TRADING.
The Significance of Incentive-Based Regulation (M. Moskow).
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