Morthorst, P.E., 2001: Interactions of a tradable green certificate market
with a tradable permits market.
Not exact matches
Ensure that the
tradable emission
permits under Governor Pataki's proposed regional carbon cap are auctioned rather than given away
with the proceeds used to mitigate negative distributional effects on low and moderate income households and to serve other economically and socially important purposes.
In contrast to restructuring taxes, something
with which there is wide familiarity,
tradable permits are a concept not widely understood by the public, making it more difficult to generate broad public support.
Edwin Clark, former senior economist
with the White House Council on Environmental Quality, observes that
tradable permits «require establishing complex regulatory frameworks, defining the
permits, establishing the rules for trades, and preventing people from acting without
permits.»
Emission fees or caps on total pollution, potentially
with tradable emission
permits, are examples of ways we could use to help remove this barrier.
In 1968, while studying pollution control in the Great Lakes, University of Toronto economist John Dales hit on a way for the costs to be paid
with minimal government intervention, by using
tradable permits or allowances.