Emissions trading programs, making sense of the options
- Dynalytics Corp., Jericho, NY (United States)
In an attempt to move away from the traditional command-and-control approach to regulation, the US Environmental Protection Agency has begun to develop economic incentive programs. These programs encourage compliance with nationwide pollution-reduction goals, but seek industry action based on market or profit incentives, rather than fear of retribution or penalty. The 1990 Clean Air Act Amendments (CAAA) require that stringent means be taken to reduce NOx pollution in so-called ozone-nonattainment areas. Under CAAA Title IV, the SO{sub 2} trading program went into effect in 1993 to reduce acid rain. For NO{sub x}, several programs are either already in operation, or are under development. These include the Cap and Trade program, the Open Market trading program and New Source Review Offset Trading program. These 3 programs are described. To obtain a Title V operating permit, issues to consider are operation, job descriptions, certification process, value, estimating future emissions, confidentiality, permits, inter-media coordination, costs, and publicity.
- OSTI ID:
- 212243
- Journal Information:
- Chemical Engineering, Journal Name: Chemical Engineering Journal Issue: 3 Vol. 103; ISSN CHEEA3; ISSN 0009-2460
- Country of Publication:
- United States
- Language:
- English
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