Volunteering for market-based environmental regulation : the substitution provision of the SO₂ emissions trading program
In this paper we explore the practical and welfare implications of a system of voluntary compliance within a market-based environmental regulation. The Substitution Provision of the SO2 emissions trading program allows the owner or operator of an affected electric utility unit to voluntarily designa...
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| Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/45071 |