Moving to markets in environmental regulation
Subtitle: lessons from twenty years of experience
By: edited by Jody Freeman and Charles D. Kolstad.
Contributors: Freeman, Jody.; Kolstad, Charles D.
Publisher: Oxford University Press
Published: 2006
Place of publication: New York
Language: eng
Number of pages: 488
ISBN-13: 9780195189650
Subjects: Environmental policy -- Economic aspects; Environmental protection -- Economic aspects; Emissions trading; Environmental impact charges; Wetland mitigation banking
Description: Over the last decade, market-based incentives have become the regulatory tool of choice when trying to solve difficult environmental problems. Evidence of their dominance can be seen in recent proposals for addressing global warming (through an emissions trading scheme in the Kyoto Protocol) and for amending the Clean Air Act (to add a new emissions trading systems for smog precursors and mercury--the Bush administration's "Clear Skies" program). They are widely viewed as more efficient than traditional command and control regulation. This collection of essays takes a critical look at this question, and evaluates whether the promises of market-based regulation have been fulfilled.
Notes: Includes bibliographical references and index.
Papers given at a one-day workshop in Santa Barbara, Calif. in 2003.