This article reviews the design of environmental markets for pollution control over the past
30 years, and identifies key market-design lessons for future applications. The focus is on a …

▪ Abstract For years economists have urged policy makers to use market-based approaches
such as cap-and-trade programs or emission taxes to control pollution. The sulfur dioxide …

This article presents an overview of the design and performance of seven major emissions
trading programs that have been implemented over the past 30 years and identifies a …

There are three main arguments why developed countries should consider managing
without growth. First, continued economic growth worldwide is not an option, owing to …

Environmental policies typically combine the identification of a goal with some means to
achieve that goal. This chapter focuses exclusively on the second component, the means …

Thomas Sterner's book is an attempt to encourage more widespread and careful use of
economic policy instruments. The book compares the accumulated experiences of the use of …

In this paper we analyze the short-term spot price behavior of carbon dioxide (CO2)
emission allowances of the new EU-wide CO2 emissions trading system (EU ETS). After …

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 …

Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand
experiment in market-based environmental policy: the SO2 cap-and-trade system. That …

Markets for Clean Air provides a comprehensive, in-depth description and evaluation of the
first three years' experience with the US Acid Rain Program. This environmental control …