Emissions trading and acid deposition control: the need for ERC leasing

Journal Article · Thu May 01 04:00:00 EDT 1986 · J. Air Pollut. Control Assoc.; (United States)

OSTI ID:5566332

Raufer, R K; Feldman, S L; Jaksch, J A

Costs for as many as seven SO/sub 2/ control technologies were determined for each of the 66 existing or planned coal-fired utility units in the state of Illinois, and projected operations for each unit from 1983 through the year 2000 were obtained from production cost modeling runs or other data. The Sulfur Dioxide Emission Reduction Optimization Program (SEROP), a utility-specific marginal cost pollution control model developed at Wisconsin Power and Light Co., was used to calculate annual marginal control cost data for each individual utility, and statewide aggregate data. The potential market in emission reduction credits (ERC) was then analyzed for three acid deposition control strategies. It was determined that emissions trading sufficient to meet targeted emission levels for acid deposition control in an economically efficient manner will not occur under any of the strategies unless the desire for utilities to maintain control of their ERCs in future years is taken into account. This can only be accomplished in one of two ways: (1) leasing of ERCs, or (2) a contingent sale where the buyer agrees to sell back the ERC after a specified period of time. Other factors affecting the feasibility of ERC leasing are discussed.

• Research Organization: Univ. of Pennsylvania, Philadelphia
• OSTI ID: 5566332
• Journal Information: J. Air Pollut. Control Assoc.; (United States), Journal Name: J. Air Pollut. Control Assoc.; (United States) Vol. 36:5; ISSN JPCAA
• Country of Publication: United States
• Language: English

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54 ENVIRONMENTAL SCIENCES
ACID RAIN
AIR POLLUTION CONTROL
ATMOSPHERIC PRECIPITATIONS
CARBONACEOUS MATERIALS
CHALCOGENIDES
COAL
CONTROL
COST
ELECTRIC UTILITIES
ENERGY SOURCES
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FOSSIL FUELS
FOSSIL-FUEL POWER PLANTS
FUELS
ILLINOIS
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MATHEMATICAL MODELS
NORTH AMERICA
OXIDES
OXYGEN COMPOUNDS
POLLUTION CONTROL
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PUBLIC UTILITIES
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SULFUR COMPOUNDS
SULFUR DIOXIDE
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USA