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Title: Emissions trading -- Market-based approaches offer pollution control incentives

In the last several years, market-based'' strategies for achieving air quality goals have joined the traditional command-and-control'' approach to air pollution management. The premise behind market approaches is that the right'' to emit air pollutants provided by a permit has monetary value. A market-based approach provides facility operators with incentives to take advantage of the monetary value associated with reducing emissions below permitted levels. It has been recognized for some time that applying such a mechanism can be a cost-effective regional air quality management strategy. To date, economic incentives have been exploited somewhat in emissions reduction credit programs operating in non-attainment areas, but transactions have been tightly controlled by regulatory agencies. Two recently implemented programs have taken to the marketplace the management of emissions from specific sources. One is incorporated in the acid rain mitigation provisions of Title 4 of the Clean Air Act (CAA) Amendments; the other is the Regional Clean Air Incentives Market (RECLAIM), a program based on reducing ozone. Both Title 4 and RECLAIM are intended to achieve substantial reductions during the next decade in emissions of sulfur dioxide (SO[sub 2]) and oxides of nitrogens (NO[sub x]) from selected larger sources.
Authors:
Publication Date:
OSTI Identifier:
7027069
Resource Type:
Journal Article
Resource Relation:
Journal Name: Environmental Solutions; (United States); Journal Volume: 7:6
Country of Publication:
United States
Language:
English
Subject:
54 ENVIRONMENTAL SCIENCES; 29 ENERGY PLANNING, POLICY AND ECONOMY; AIR POLLUTION CONTROL; FINANCIAL INCENTIVES; CLEAN AIR ACTS; COMPLIANCE; NITROGEN OXIDES; EMISSION; SULFUR DIOXIDE; PERMITS; ADMINISTRATIVE PROCEDURES; CHALCOGENIDES; CONTROL; LAWS; NITROGEN COMPOUNDS; OXIDES; OXYGEN COMPOUNDS; POLLUTION CONTROL; POLLUTION LAWS; SULFUR COMPOUNDS; SULFUR OXIDES 540120* -- Environment, Atmospheric-- Chemicals Monitoring & Transport-- (1990-); 290300 -- Energy Planning & Policy-- Environment, Health, & Safety