What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading

Journal of Economic Perspectives - Tập 12 Số 3 - Trang 69-88 - 1998
Robert N. Stavins1
1Professor of Public Policy, John F. Kennedy School of Government, Harvard University, Cambridge, Massachusetts; University Fellow, Resources for the Future, Washington, D.C.

Tóm tắt

The most ambitious application ever attempted of a market-based approach to environmental protection has been for the control of acid rain under the Clean Air Act amendments of 1990, which established a sulfur dioxide allowance trading program. This essay identifies lessons that can be learned from this grand experiment in economically oriented environmental policy. The author examines positive political economy lessons, asking why this system was adopted from acid-rain control in 1990, and he considers normative lessons that can be learned from the program's structure and performance, focusing on lessons for the design and implementation of future systems.

Từ khóa


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Thông tin
Thông tin xuất bản

Journal of Economic Perspectives

Tập 12 Số 3

69-88

Thông tin tác giả