1932

Abstract

The 1990 amendments to the Clean Air Act created a trading program in sulfur dioxide (SO) emissions that has served as the seminal example of how an emissions trading program could be designed. Yet despite its success, the trading program was essentially brought to an end by a series of regulatory and judicial actions. We begin with a brief discussion of the theoretical and historical antecedents to the SO trading program. We then describe the events that led to the program’s effective end in 2011. We argue that the SO trading program had two key vulnerabilities: SO emissions cause multiple environmental impacts, some with local consequences, and internal conflicts within the Clean Air Act. Because of these vulnerabilities, in the end, the program was unsustainable. We close with a discussion of the lessons that can be drawn from this history for future emissions trading programs.

Loading

Article metrics loading...

/content/journals/10.1146/annurev-resource-091912-151835
2013-06-01
2024-06-12
Loading full text...

Full text loading...

/content/journals/10.1146/annurev-resource-091912-151835
Loading
/content/journals/10.1146/annurev-resource-091912-151835
Loading

Data & Media loading...

  • Article Type: Review Article
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error