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can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the …
Persistent link: https://www.econbiz.de/10008732179
The introduction of the U.S. SO2 allowance-trading program to address the threat of acid rain as part of the Clean Air Act Amendments of 1990 is a landmark event in the history of environmental regulation. The program was a great success by almost all measures. This paper, which draws upon a...
Persistent link: https://www.econbiz.de/10009506424
Energy-efficient technologies offer considerable promise for reducing the financial costs and environmental damages associated with energy use, but these technologies appear not to be adopted by consumers and businesses to the degree that would apparently be justified, even on a purely financial...
Persistent link: https://www.econbiz.de/10010513986
Economists have expended considerable effort to develop economically meaningful definitions of the somewhat elusive concept of "sustainability". We relate such a definition of sustainability to well known concepts from neoclassical economics, in particular, potential Pareto improvements (in the...
Persistent link: https://www.econbiz.de/10011597674