Trading Programs for Environmental Management: Reflections on the Air and Water Experiences
Emission and effluent trading programs are increasingly being advocated for the nationâ€™s air and water quality programs. However important distinctions must be drawn between credit and allowance trading, based on how much decision-making authority is transferred from regulators to dischargers. Credit trading programs are extensions of command-and-control regulation. Allowance trading programs, like markets, decentralize decisions on the means to control discharges and the location of that control. A review of existing trading programs finds allowance trading programs stimulate more aggressive pollution prevention behavior and result in lower compliance costs than credit trading.
|Date of creation:||05 Jan 2002|
|Date of revision:|
|Note:||Paper published as: Shabman, Leonare, Kurt Stephenson, and William Shobe. â€œTrading Programs for Environmental Management: Reflections on the Air and Water Experiences.â€ Environmental Practice 4, no. 3 (September 2002): 153-162.|
|Contact details of provider:|| Postal: P.O. Box 400206|
Web page: http://www.coopercenter.org/econ
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:vac:wpaper:wp02-01. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (William M. Shobe)
If references are entirely missing, you can add them using this form.