@article{Lile:10890,
      recid = {10890},
      author = {Lile, Ronald D. and Bohi, Douglas R. and Burtraw, Dallas},
      title = {An Assessment of the EPA's SO2 Emission Allowance Tracking  System},
      address = {1996},
      number = {1318-2016-103175},
      series = {Discussion Paper 97-21},
      pages = {21},
      year = {1996},
      abstract = {On November 8, 1996, various Environmental Protection  Agency (EPA) officials, scholars and industry  representatives gathered at Resources for the Future (RFF)  to examine the EPA's method for classifying private SO2  allowance transactions by the Allowance Tracking System  (ATS). The one-day workshop at RFF was designed to evaluate  how well the EPA's classification scheme within the ATS  currently meets the needs of constituencies with a vested  interest in the allowance trading system, and to determine  if other classifications would be more beneficial. The EPA  has limited its collection of information to that which is  necessary to ensure compliance with environmental goals. In  particular, the EPA has interpreted its mission to be one  of minimal interference in guiding the development of the  allowance market and that its primary purpose is emission  compliance and not the monitoring of transactions.  Therefore, the goal of the ATS is to provide a central  registry of recorded allowance transfers for the purpose of  emission compliance. As a result, the ATS is unusual as a  mechanism for monitoring market activity because it  provides information about the buyer and seller of an  allowance but does not provide price information.  Furthermore, the EPA has limited its role so as not to  exercise approval of individual allowance trades, and has  excluded from consideration options for expanding the EPA's  data collection effort. However, the EPA recognizes that  the interests of Congress and the public extend beyond  compliance with the environmental goals to include the  development of allowance trading to help achieve these  goals at the lowest possible cost. In addition, there is  widespread interest in the development of SO2 emission  allowance trading as a prototype for other potential  trading programs, and the ATS provides a potential template  for the oversight role of the environmental regulator in  programs such as these. Therefore, another goal of the  workshop at RFF was to assess how well the ATS performs in  promoting the development of allowance trading in general,  and with respect to the interests and needs of each of the  constituencies interested in the SO2 allowance trading  program. This discussion paper incorporates observations,  suggestions and concerns expressed during this workshop.  Furthermore, this discussion paper concludes with  recommendations regarding the EPA's current classification  methodology.},
      url = {http://ageconsearch.umn.edu/record/10890},
      doi = {https://doi.org/10.22004/ag.econ.10890},
}