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Marketable permit programs

Fictional Credits or Progressive Action? Seattle Utility's Greenhouse Gas Offset Program Goes to Court

Editor's Summary: Several cities have developed innovative initiatives to combat global warming in the absence of concerted federal regulatory action. One such city is Seattle, Washington. In April 2000, the city directed its municipal...

Emissions Trading: Lessons From SO2 and NOx Emissions Allowance and Credit Systems Legal Nature, Title, Transfer, and Taxation of Emission Allowances and Credits

I. Introduction

Emissions trading is increasingly recognized as a cost-effective policy instrument to reduce the concentration of greenhouse gases (GHGs) in our atmosphere. The concept, which until recently was treated with...

The Future of Air Pollution Control in the Corporatist State

Chasing the Wind: Regulating Air Pollution in the Common Law State, a book authored by Noga MoragLevine, an Assistant Professor of Political Science at the University of Michigan, is a broad indictment of "air pollution control...

A Perfect Storm: Mercury and the Bush Administration, Part II

The Storm Continues

In December 2003, the U.S. Environmental Protection Agency (EPA) proposed a rule to control mercury emissions from power plants and issued a final rule for mercury from chlor-alkali facilities. For power...

A Perfect Storm: Mercury and the Bush Administration

Unprecedented Events

In October 1991, four separate weather systems gathered off the coast of New England: Hurricane Grace from the Atlantic, a cold front from New England, a high pressure system over southeastern Canada, and a...

RECLAIM: Southern California's Failed Experiment With Air Pollution Trading

The bottom line is that capitalism may now be getting its ultimate test. For the smog market, more than any other system, will reveal whether financial incentives can prod major corporations into simultaneously acting for the public...

Marketing Failure: The Experience With Air Pollution Trading in the United States

Since then, the Bush Administration's "Clear Skies Initiative" has been officially unveiled. As appeared would be the case in mid-2002, it would establish a "trading" program in which the government explicitly...

Does Emissions Trading Encourage Innovation?

Proponents of "economic incentives" frequently state that emissions trading promotes technological innovation.1 Emissions trading programs authorize polluters to meet pollution reduction obligations by...

Transforming Economic Incentives From Theory to Reality: The Marketable Permit Program of the South Coast Air Quality Management District

Editors' Summary: Modern environmental law has relied almost exclusively on either mandating or forbidding certain conduct in order to reduce pollution. In addressing pollution that causes acid rain, the 1990 Amendments to the Clean...