Abstract
Much has been written about the economic and environmental performance of US emissions trading programs for “acid rain” (sulfur dioxide) and nitrogen oxides. Less explored have been the unique roles and interactions of environmental regulators and the companies they regulate. I first examine how these roles change the way that regulators and companies operate within their own organizations and with each other. Next, I use examples from US trading programs to illustrate the design and administrative features that allow program administrators and industry to best fulfill their respective roles and maximize economic benefits. Finally, I determine whether these features are present in the EU Emissions Trading System and examine the implications for its effectiveness.
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Kruger, J. (2008). Companies and regulators in emissions trading programs. In: Antes, R., Hansjürgens, B., Letmathe, P. (eds) Emissions Trading. Springer, New York, NY. https://doi.org/10.1007/978-0-387-73653-2_1
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