Acid Rain and Environmental Degradation is a succinct yet comprehensive survey of emission trading - a significant research and policy field of increasing importance for both Europe and the USA.
Against the background of environmental policy instruments in general, Dr Klaassen presents a state-of-the-art survey of both the theory and actual applications of tradable permits. This survey also analyses international theory and experience. Later chapters examine the European acid rain issue and discuss how it can be addressed by means of tradable permits with particular relevance to sulphur emissions.
Acid Rain and Environmental Degradation responds to current European policy discussions to apply emission trading on a continental scale. Because of its unique blend of theory and practice, this volume not only sets the tone for future discussions in Europe on transboundary pollution control, but also offers something for the academic economist, the environmentalist and the policymaker.
Ger Klaassen, formerly European Commission, Brussels, Belgium
Contents: Foreword (Tomasz Zylicz) Acknowledgements 1. Introduction Part I: Theory, Models, and Practice 2. Economic Instruments in Theory 3. Instruments in Theory when Location Matters 4. Economic Instruments in an International Context: Theory 5. Empirical Simulation Models and Emission Trading 6. Emission Trading for Air Pollution in Practice 7. Theory, Models, and Practice: Concluding Observations Part II: Applications to Sulfur Emissions in Europe 8. The Institutional Framework for Controlling Sulfur Emissions in Europe 9. Trading with Exchange Rates 10. Sulfur Emission Trading in Europe: A Model Simulation 11. An Institutional Design for Joint Implementation 12. Conclusion References Index