Market-based Solutions

Market-based Solutions - disagreement as to what (if...

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Market-based  Solutions Acid Rain and the 1990 Clean  Air Act Case Study
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Market-based Solutions Rights-based measure Example: Cap and Trade Policies Gives firms the right to pollute up to  a certain amount and then if they  need to pollute more, must by rights  from other companies Encourages innovation and use of  technology to reduce waste/pollution;  allows flexibility
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Market-based problems Cap levels at what? Grandfathering or Auctioning? Grandfathering- give rights based on  past emission levels (higher polluters  are given more) Auctioning- have a pre-determined lot of  allocations, which are auctioned off to  companies In either case, where should the $ go?
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Setting the Stage: Acid Rain on  the Policy Agenda How did acid rain get on the policy  agenda? Why was there so much 
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Unformatted text preview: disagreement as to what (if anything) to do about acid rain? Changes made by those not effected What to do disagreement? Who will pay? SO 2 vs. NOx Why take different policy actions for sulfur dioxide than nitrate oxide? Sulfur is from coal impurities. It can be cleaned by washing coal, changing coal types, or through scrubbers Nitrate oxides are formed when any fossil fuel is burned Market-based solutions and greenhouse gases? Based on what you know about acid rain, why is there push towards cap and trade policies for greenhouse gases? What are the important differences in the case of global warming vs. acid rain that may influence policy decisions/how well such an instrument would work?...
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Market-based Solutions - disagreement as to what (if...

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