Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program
The U.S. SO2 cap-and-trade program was established as a result of the enactment of the 1990 Clean Air Act Amendments (1990 CAAA) under the authority granted by Title IV, which included several measures to reduce precursor emissions of acid deposition.2 The SO2 component consisted of a two-phase, cap...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Working Paper |
| Published: |
MIT Center for Energy and Environmental Policy Research
2009
|
| Online Access: | http://hdl.handle.net/1721.1/44996 |
| _version_ | 1811094917175312384 |
|---|---|
| author | Ellerman, A. Denny |
| author2 | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
| author_facet | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Ellerman, A. Denny |
| author_sort | Ellerman, A. Denny |
| collection | MIT |
| description | The U.S. SO2 cap-and-trade program was established as a result of the enactment of the 1990 Clean Air Act Amendments (1990 CAAA) under the authority granted by Title IV, which included several measures to reduce precursor emissions of acid deposition.2 The SO2 component consisted of a two-phase, cap-and-trade program for reducing SO2 emissions from fossil-fuel burning power plants located in the continental forty-eight states of the United States. During Phase I, lasting from 1995 through 1999, electric generating units larger than 100 MWe in generating capacity with an annual average emission rate in 1985 greater than 2.5 pounds of SO2 per million Btu of heat input in 1985 (hereafter, #SO2/mmBtu) were required to reduce emissions to a level that would be, on average, no greater than 2.5 #SO2/mmBtu. In Phase II, beginning in 2000 and continuing indefinitely, the program was expanded to include fossil-fuel electricity generating units greater than 25 MWe, or virtually all fossil-fuel power plants in the United States. Emissions from these affected units are limited, after accounting for any allowances banked from Phase I, to an annual cap of 8.9 million tons, or about half of total electric utility SO2 emissions in the early 1980s. The Phase II cap is equivalent to an Ex Post Evaluation: US SO2 Program 2 average emission rate of 1.2 #SO2/mmBtu, when divided by the mid-1980s level of heat input at fossil-fuel burning power plants. |
| first_indexed | 2024-09-23T16:07:34Z |
| format | Working Paper |
| id | mit-1721.1/44996 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T16:07:34Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/449962019-04-12T09:55:42Z Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program Ellerman, A. Denny Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. The U.S. SO2 cap-and-trade program was established as a result of the enactment of the 1990 Clean Air Act Amendments (1990 CAAA) under the authority granted by Title IV, which included several measures to reduce precursor emissions of acid deposition.2 The SO2 component consisted of a two-phase, cap-and-trade program for reducing SO2 emissions from fossil-fuel burning power plants located in the continental forty-eight states of the United States. During Phase I, lasting from 1995 through 1999, electric generating units larger than 100 MWe in generating capacity with an annual average emission rate in 1985 greater than 2.5 pounds of SO2 per million Btu of heat input in 1985 (hereafter, #SO2/mmBtu) were required to reduce emissions to a level that would be, on average, no greater than 2.5 #SO2/mmBtu. In Phase II, beginning in 2000 and continuing indefinitely, the program was expanded to include fossil-fuel electricity generating units greater than 25 MWe, or virtually all fossil-fuel power plants in the United States. Emissions from these affected units are limited, after accounting for any allowances banked from Phase I, to an annual cap of 8.9 million tons, or about half of total electric utility SO2 emissions in the early 1980s. The Phase II cap is equivalent to an Ex Post Evaluation: US SO2 Program 2 average emission rate of 1.2 #SO2/mmBtu, when divided by the mid-1980s level of heat input at fossil-fuel burning power plants. Supported by the MIT Center for Energy and Environmental Policy Research. 2009-04-03T17:05:24Z 2009-04-03T17:05:24Z 2003 Working Paper 2003-003 http://hdl.handle.net/1721.1/44996 52304323 MIT-CEEPR (Series) ; 03-003WP. 39 p application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Ellerman, A. Denny Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program |
| title | Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program |
| title_full | Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program |
| title_fullStr | Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program |
| title_full_unstemmed | Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program |
| title_short | Ex post evaluation of tradable permits : the U.S. SO₂ cap-and-trade program |
| title_sort | ex post evaluation of tradable permits the u s so₂ cap and trade program |
| url | http://hdl.handle.net/1721.1/44996 |
| work_keys_str_mv | AT ellermanadenny expostevaluationoftradablepermitstheusso2capandtradeprogram |