Tradable Discharge Permits: Functioning, Historical Applications, and International Potential

by Charles W. Howe

Jan 1, 1993
[Introductory Paragraph:] The United States's strategy for pollution control, often categorized as "command and control" (CAC), has been excessively costly in relation to the results achieved. The strategy's failure to motivate individual polluters to seek least-cost solutions for reducing air and water pollution emissions has cost the American economy dearly and may have reduced the competitiveness of American industry. On the other hand, the countries of Western Europe have long used pollution taxes to help finance environmental programs and to motivate firms and municipalities to seek cheaper ways of reducing pollution.
Tradable Discharge Permits: Functioning, Historical Applications, and International Potential


Powered by Foundation Center's Knowledge Center Service