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View Resource Sources of Emission Reductions: Evidence from U.S. SO2 Emissions from 1985 through 2002

This paper describes database studies that have examined where the greatest emission reductions in sulfur dioxide have occurred over the past twenty years. Specifically, the paper examines whether reductions have come from retrofits of existing power generation plants, or replacement of old plants with new generating capacity. The paper finds that the greatest reductions have been gained...

View Resource Are Cap-and-Trade Programs more Environmentally Effective than Conventional Regulation?

This working paper, created by Denny A. Ellerman of the Massachusetts Institute of Technology, explores the consequences of cap-and-trade policies, where the total air pollutant emissions of a whole set of polluters are limited, and they are allowed to trade among themselves for the right to pollute up to the cap. The paper focuses on whether these policies have been effective in addressing...

View Resource Absolute vs. Intensity-Based Emission Caps

As governments begin to consider regulation of greenhouse gases, many are turning to market-based initiatives. Such programs assign emitters a certain share of emissions, and allow them to trade for emissions rights in a market. Emission shares can be distributed strictly as a certain amount of carbon, or they can be assigned as a certain amount of pollutant per unit output or input. This...

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