| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment |
| Richard Schmalensee; Robert N. Stavins
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| 发表日期 | 2012
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2012
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| 语种 | 英语
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| 摘要 | Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but created four striking ironies. First, by creating this system to reduce SO2 emissions to curb acid rain, the government did the right thing for the wrong reason. Second, a substantial source of this system’s cost-effectiveness was an unanticipated consequence of earlier railroad deregulation. Third, it is ironic that cap-and-trade has come to be demonized by conservative politicians in recent years, since this market-based, cost-effective policy innovation was initially championed and implemented by Republican administrations. Fourth, court decisions and subsequent regulatory responses have led to the collapse of the SO2 market, demonstrating that what the government gives, the government can take away. |
| 特色分类 | Q540;Q580;Q400;Q480
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| 关键词 | Market-based Instruments
Cap-and-trade
Clean Air Act Amendments of 1990
Sulfur Dioxide
Acid Rain
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-so2-allowance-trading-system-the-ironic-history-of-a-grand-policy-experiment/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118102
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推荐引用方式
GB/T 7714 |
Richard Schmalensee,Robert N. Stavins. The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment. 2012.
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