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Title: The Future(s) of Pollution Control: The Case of the Acid Rain Program
Authors: McLemore, Donna L.
Keeler, Andrew G.
Turner, Steven C.
Keywords: Clean Air Act (CAA) Amendments of 1990
Electric utilities
Tradable permits
Emission Allowance (EA)
Acid Rain Program (ARP)
Futures contract
Sulfur dioxide (SO2)
Issue Date: 1994
Abstract: This study examines the potential success of the futures contract in SO2 Emissions Allowances. Factors affecting the success of the futures contract are presented including the uncertainties of air pollution and public utility regulation, emission control technology, electricity demand, and electric utility needs for an allowance price discovery mechanism for long-range compliance planning under risk. If SO2 futures market is successful, there is some potential for expanding futures trading to other pollutants. Since SO2 is uniquely suited to a national market, duplication of SO2 futures for other pollutants may be difficult.
Identifiers: 0738-8950
Institution/Association: Journal of Agribusiness>Volume 12, Number 1, Spring 1994
Total Pages: 16
From Page: 69
To Page: 84
Collections:Volume 12, Number 1, Spring 1994

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