Public Utility Commission implementation of the Clean Air Act's allowance trading program
Title IV of the Clean Air Act Amendments of 1990 (CAAA), Acid Deposition Control,' will reduce by the year 2000 annual sulfur dioxide emissions by 10 million tons below the 1980 level, and nitrogen oxide emissions by 2 million tons. Emissions of sulfur dioxide will then be limited to 8.95 million tons per year after 2000. To control sulfur dioxide emissions, Title IV created a new regulatory instrument -- an emission allowance or credit -- that electric power producers (utilities and others) will be required to possess and expend to emit sulfur dioxide into the atmosphere. Electric utilities and others will be allowed to buy and sell the emission allowances in an allowance trading system. Cost estimates of implementing Title IV provisions put the cost 50 to 75 percent higher than with the allowance trading system. Estimates of this potential savings vary from 1 to 3 billion dollars annually. This report discusses the administrative roles of various agencies in implementing Title IV and allocating the emission allowance. The cost of compliance and the effect of compliance on the utilities industry is discussed.
- OSTI ID:
- 6533431
- Country of Publication:
- United States
- Language:
- English
Similar Records
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Related Subjects
290201 -- Energy Planning & Policy-- Economics-- (1992-)
290300* -- Energy Planning & Policy-- Environment
Health
& Safety
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
296000 -- Energy Planning & Policy-- Electric Power
ABSTRACTS
AIR
AIR POLLUTION ABATEMENT
AMENDMENTS
CHALCOGENIDES
CHEMICAL REACTIONS
COMPLIANCE
COST
DENITRIFICATION
DESULFURIZATION
DOCUMENT TYPES
ECONOMIC IMPACT
ELECTRIC UTILITIES
FLUIDS
GASES
IMPLEMENTATION
LAWS
LEADING ABSTRACT
NITROGEN COMPOUNDS
NITROGEN OXIDES
OXIDES
OXYGEN COMPOUNDS
POLLUTION ABATEMENT
POLLUTION LAWS
PUBLIC UTILITIES
SULFUR COMPOUNDS
SULFUR DIOXIDE
SULFUR OXIDES
US CLEAN AIR ACT