Buch, Englisch, 202 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 473 g
The Significance of the Chicago Cap-and-Trade Approach
Buch, Englisch, 202 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 473 g
Reihe: Routledge Explorations in Environmental Economics
ISBN: 978-0-415-70202-7
Verlag: Routledge
Containing rigorous hard evidence, this book is of immense practical use to postgraduates, researchers and business communities affected by or working in environmental regulation. The author, a leading name in the environmental economics community, examines the problem of urban smog in cityscapes and the difficulty of achieving cost-effective controls.
Analyzing the key areas of urban smog, low-level ozone and volatile organic compound emissions and their impact on health and welfare of communities this text assesses and evaluates the performance of emissions trading systems and suggests alternative market designs for incentive control of pollution. Taking a well-reasoned approach to the contentious area of the use of market incentives to achieve environmental goals, it provides a study of the pioneering cap-and-trade market, particularly focusing on its poor performance in Chicago.
A perfect supplementary text postgraduates and researchers, this is also an essential read for all those interested in environmental economics.
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
1. Introduction 2. The Political Economy of the Chicago Market 3. Expectations and Actual Performance 4. Traditional Regulations and Market Incentives 5. Simulated Performance of Alternative Market 6. Explaining Unanticipated Market Performance 7. Hot Spots, Spikes, and Emissions Trading 8. Alternative Market Designs: The Experimental Approach 9. Conclusions and Policy Recommendations for Market Redesign Appendix A. Measurement of Daily Ozone and Precursor Concentrations and Selected Meteorological Variables Appendix B. Explanation of Generalized Least Squares (GLS) and Generalized Additive Models (GAM) Estimation Techniques
A. Denny Ellerman
PREFACE
ACKNOWLEDGEMENTS
LIST OF ABBREVIATIONS
CHAPTER 1 INTRODUCTION
CHAPTER 2 THE POLITICAL ECONOMY OF THE CHICAGO MARKET
CHAPTER 3 EXPECTATIONS AND ACTUAL PERFORMANCE
CHAPTER 4 TRADITIONAL REGULATIONS AND MARKET INCENTIVES
CHAPTER 5 SIMULATED PERFORMANCE OF ALTERNATIVE MARKET
CHAPTER 6 EXPLAINING UNANTICIPATED MARKET PERFORMANCE
CHAPTER 7 HOT SPOTS, SPIKES, AND EMISSIONS TRADING
CHAPTER 8 ALTERNATIVE MARKET DESIGNS: THE EXPERIMENTAL
APPROACH
CHAPTER 9 CONCLUSIONS AND POLICY RECOMMENDATIONS FOR MARKET REDESIGN
APPENDIX A MEASUREMENT OF DAILY OZONE AND PRECURSOR CONCENTRATIONS AND SELECTED METEOROLOGICAL VARIABLES
APPENDIX B EXPLANATION OF GENERALIZED LEAST SQUARES (GLS) AND GENERALIZED ADDITIVE MODELS (GAM) ESTIMATION TECHNIQUES
GLOSSARY
BIBLIOGRAPHY
INDEX
Many large urban areas have health and visibility problems due to ozone precursor emissions and low-level ozone concentrations, but have yet to find flexible and cost-effective regulatory measures to deal with these issues.
This book analyzes the performance of a pioneering cap-and-trade market recently established to reduce emissions in a more flexible and cost-effective manner than prescriptive or traditional regulation. The results should be of special interest to urban areas confronted by complex pollution problems requiring new regulatory and implementation approaches.
This book analyzes the performance of a pioneering cap-and-trade market recently established to reduce emissions in a more flexible and cost-effective manner than prescriptive or traditional regulation.
