EMISSIONS TRADING IN THE U.S.: EXPERIENCE, LESSONS, AND CONSIDERATIONS FOR GREENHOUSE GASES

A. Denny Ellerman, David Harrison

2003 · 110 citations · 0 references

Concepts

Abstract

This paper discusses emissions trading and its use in programs that control air pollution. The table of contents lists the following chapter headings: I. INTRODUCTION - A. Overview of the Concept of Emissions Trading, B. Three Basic Types of Emissions Trading Programs, C. Other Features of Emissions Trading Programs, D. Objective and Organization of this Report; II. EXPERIENCE WITH EMISSIONS TRADING - A. EPA Emissions Trading Programs, B. Lead-in-Gasoline Program, C. Acid Rain Trading Program, D. Los Angeles Air Basin RECLAIM Program, E. Mobile Source Averaging, Banking, and Trading Programs, F. Northeast NOx Budget Trading; III. LESSONS FROM EXPERIENCE WITH EMISSIONS TRADING - A. Economic Effectiveness, B. Environmental Effectiveness, C. Ability to Trade, D. Banking, E. Initial Allocation; IV. CONSIDERATIONS FOR GREENHOUSE GAS CONTROL PROGRAMS - A. Suitability of Trading, B. Opt-in Features; V. CONCLUSIONS.