Five years of interstate SO < inf> 2 allowance trading: Geographic patterns and potential cost savings
Interstate trading of SO2 allowances under the Clean Air Act, the largest-scale application of market principles to environmental protection, is projected to save over $2.3 billion out of a possible $3 billion in annual compliance costs in the next decade. This study shows that, with one exception, Midwest states have thus far not used trading to sustain high SO2 emission levels.
Five years of interstate SO < inf> 2 allowance trading: Geographic patterns and potential cost savings.
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