Chan, Gabriel; Stavins, Robert; Stowe, Robert; Sweeney, … - Kennedy School of Government, Harvard University - 2012
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...