Title :
Impediments to markets for SO2 emission allowances
Author :
Walsh, Michael ; Ramesh, V.C. ; Ghosh, K.
Author_Institution :
Chicago Board of Trade, IL, USA
fDate :
5/1/1996 12:00:00 AM
Abstract :
The US Clean Air Act (CAA) of 1990 imposed tighter limits on allowed emissions from electric utilities. The CAA also introduced an innovative SO2 market mechanism to help lower the cost of compliance. The annual Environmental Protection Agency (EPA) auctions of emission allowances intended to help usher in the market mechanisms for trading allowances. In that respect, the results have been mixed. A full fledged market for emission allowances has been slow to emerge. Starting with a detailed study of the EPA auctions to date, this paper analyzes and discusses some of the reasons for this slow development
Keywords :
air pollution control; electricity supply industry; flue gas desulphurisation; legislation; sulphur compounds; thermal power stations; Clean Air Act; Environmental Protection Agency; SO2; USA; air pollution; emission allowances; market mechanisms; thermal power generation; Computer aided analysis; Costs; Economies of scale; Impedance; Pollution; Power generation; Power generation economics; Power industry; Protection; Terminology;
Journal_Title :
Power Systems, IEEE Transactions on
