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Regulatory conflict in the Chicago VOC control program.
- Source :
-
Journal of Environmental Planning & Management . Jul2008, Vol. 51 Issue 4, p561-579. 19p. 2 Charts, 2 Graphs. - Publication Year :
- 2008
-
Abstract
- The study analyzes the performance of an innovative cap-and-trade program designed to make cost-effective reductions of an ozone precursor in Chicago and finds that decentralized market incentives were undermined by the continuance of centralized traditional emission point or command-and-control regulation. The study makes two contributions for urban areas considering this regulatory measure: it shows that using two regulatory measures to achieve one emissions reduction goal can undercut cost-effective emissions trading, and it provides a redesign of the market system that coordinates both regulatory measures for cost-effective control and avoidance of trading problems, such as hot spots and inter-temporal spikes. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09640568
- Volume :
- 51
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Journal of Environmental Planning & Management
- Publication Type :
- Academic Journal
- Accession number :
- 32964755
- Full Text :
- https://doi.org/10.1080/09640560802117093