CALIFORNIA'S TRADABLE EMISSIONS POLICY AND GREENHOUSE GAS

Although public policy analysts advocate a tradable emission permits scheme to regulate and reduce grenhouse gas emissions, experience with an existing tradable market scheme for conventional industrial air pollutants shows the practical difficulties that can arise. Obstacles posed by the need for effective monitoring and enforcement are noted, as well as institutional and regulatory problems. A market based program may be burdened with severe regulatory restrictions. It is also noted that a half-hearted approach to market-based regulation could lead to market failure.

Language

  • English

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Filing Info

  • Accession Number: 00624074
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 27 1993 12:00AM