The Economics of Pollution Permit Banking in the Context of Title IV of the 1990 Clean Air Act Amendments

This paper presents a model of the collective emission permit banking behavior of electricity-generating units affected by Title IV of the Clean Air Act Amendments of 1990. A rigorous treatment of the constraint that pollution permits cannot be borrowed from future allocations is introduced. This ap...

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Veröffentlicht in:	Journal of environmental economics and management 2000-11, Vol.40 (3), p.189-210
1. Verfasser:	Schennach, Susanne M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Acid rain Air cleanliness Air pollution Banking Clean Air Act 1990-US Clean Air Act, emission permits, allowances, banking Economic models Electric power plants Emissions Environmental economics Environmental law Environmental management Studies Uncertainty USA Utilities
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Beschreibung
Zusammenfassung:	This paper presents a model of the collective emission permit banking behavior of electricity-generating units affected by Title IV of the Clean Air Act Amendments of 1990. A rigorous treatment of the constraint that pollution permits cannot be borrowed from future allocations is introduced. This approach enables an analysis of the impact of future changes in electricity demand, regulations, and technologies on the present permit price and emissions level. The effect of uncertainty on the banking behavior is also explored.
ISSN:	0095-0696 1096-0449
DOI:	10.1006/jeem.1999.1122