Energy and Environmental Policy: The Role of Markets
In the aftermath of both a new Clean Air Act and the Persian Gulf War, Congress and the administration have once again turned their attention to the question of the nation’s use and management of energy resources. Energy, like many other valuable resources, has been the grist for many political, economic, and military battles. These struggles have largely been fought for control of these resources and the wealth that flows from such control. In our contemporary focus, we tend to forget that many of the vents of the twentieth century have been largely shaped by various conflicts over energy resources. Daniel Yergin’s recent book, The Prize, is a compelling tale of the influence of oil. Much of the development of the western part of the United States has been spurred by energy development and use. This trend continues as the Pacific Northwest debates the environmental impact of hydroelectric development and as Alaska attempts to tap the Arctic National Wildlife Refuge.
KeywordsEmission Reduction Acid Rain Federal Energy Regulatory Commission Corporate Average Fuel Economy Environmental Defense Fund
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- 1.First printed as “Energy and Environmental Policy: The Role of Markets” by Daniel J. Dudek in Natural Resources and Environment, Vol. 6:2 (1991), copyright 1991 by the American Bar Association. Reprinted by permission of the American Bar Association.Google Scholar