First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the U.S. and of the empirical and theoretical research on which this approach is based. Since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved, looks at how these ...
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First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the U.S. and of the empirical and theoretical research on which this approach is based. Since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved, looks at how these programs have been implemented in the U.S. and internationally, and offers an objective evaluation of the resulting successes, failures, and lessons learned over the last twenty-five years.
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Seller's Description:
Fine. Sewn binding. Cloth over boards. 250 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Sewn binding. Cloth over boards. 250 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Fine. Sewn binding. Cloth over boards. 250 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Sewn binding. Cloth over boards. 250 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Tom Tietenberg is an Emissions Trading enthusiast. That much I can understand. What I can't understand is how someone can ignore major flaws from ET and cherry pick the data in order to prove a theory.
To give an example, he says that ET allowed for more stringent pollution control targets in the US and gives the example of SO2 trading and RECLAIM (a LA-based cap-and-trade system for NOx and SOx). In the first case, the cap for SO2 emissions is exactly the same as it was for previous proposals for direct regulation of emissions that weren't approved in Congress. In the second case, it's even worse: even the EPA aknowledges that RECLAIM was a failure and that emissions reductions were way lower than what a standard would achieve.
He also argues that trading in lead allowed for a more rapid phase-out. Again, it's the other way around: trading delayed the lead phase-out for years, because refineries could bank their permits for future use.
Tietenberg provides a thorough review of ET literature but he, like other ET enthusiasts, never engages with the critics. Not once do we see him quoting an article that criticizes ET and proposes other policies to reduce emissions. Maybe that's the reason why the book is so deeply flawed.
I'll give a 3-star rating because it is an important book for those who want to know what ET enthusiasts say but for those who want to know how ET really works there are much better books out there.
