Companies are allowed to trade or sell their emission

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Unformatted text preview: isla?on in the U.S. 1969: NaDonal Environmental Policy Act 1970: Clean Air Act 1972: Clean Water Act 1972: Noise Control Act 1973: Endangered Species Act 1974: Safe Drinking Water Act 1975: Environmental ProtecDon Agency formed to develop regulaDons as mandated by environmental legislaDon and oversee/regulate its implementaDon 1976: Resource ConservaDon and Recovery Act 1976: Toxic Substances Control Act 1979: OccupaDonal and Safety Health Act 1982: Nuclear Waste Policy Act 1986: Superfund Amendments and ReauthorizaDon Act 1988: Marine ProtecDon and Research and Sanctuaries Act 1988: Shore ProtecDon Act 1990: PolluDon PrevenDon Act 1990: Oil PolluDon Act 1990: Amendments to Clean Air Act, including the Acid Rain Program 2002: Food, Drug, and CosmeDc Act What is the cost? Preven?ng Environmental Issues Pays Off! One Example: The Acid Rain Program Acid Rain is caused by sulfur oxide emissions from fossil fuels that turns into sulfuric acid in rain, with devastaDng consequences on regional forests and other habitats due to soil acidificaDon. In 1989, and amendment to the Clean Air Act was passed, called the Acid Rain Program, that established a cap and trade system aimed to limit sulfur emissions from industry by switching to low- sulfur fossil fuels and installaDon of sulfur scrubbers....
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This note was uploaded on 01/30/2014 for the course IB 105 taught by Professor Caceres during the Fall '08 term at University of Illinois, Urbana Champaign.

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