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The book analyzes the behavior and performance of the market for emissions permits, called allowances in the Acid Rain Program, and quantifies emission reductions, compliance costs, and cost savings associated with the trading program."--BOOK JACKET.
This study describes the origins of acid rain, how it is formed, the ecological and human effects, and prevention methods. It also examines debates within the scientific community as a basis for evaluating policy decisions. A comprehensive review of pollution control techniques questions which technologies are currently available, their future availability, or whether they are merely theoretical. The authors frame the economic and political context for making decisions about acid rain control policy and offer valuable insights about the underlying dynamics of the environmental policymaking process for the near future.