Number: RL34235
Title: Air Pollution as a Commodity: Regulation of the Sulfur Dioxide Allowance Market
Authors: Larry Parker, Resources, Science, and Industry Division; Mark Jickling, Government and Finance Division 
Abstract: A number of congressional proposals to advance programs that reduce greenhouse gases (GHGs) have been introduced in the 110th Congress. Proposals receiving particular attention would create market-based GHG reduction programs along the lines of the allowance trading provisions of the current acid rain reduction program established by Title IV of the 1990 Clean Air Act Amendments. Under the program, an allowance is limited authorization to emit a ton of pollutant.
Pages: 22
Date: October 31, 2007