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- Their proposal led to the creation of a cap-and-trade system under the Clean Air Act of 1990. This system set a firm cap on the total amount of sulfur dioxide that could be emitted by power plants. Companies were given emission permits, which they could either use or sell to others.
Almost 20 years since the signing of the Clean Air Act of 1990, the cap-and-trade system continues to let polluters figure out the least expensive way to reduce their acid rain emissions.
Aug 9, 2024 · Cap and trade started as a Republican idea in the 1980s to fight acid rain, experts say. At the time many power plants burned coal and emitted sulfur dioxide, which mixed with atmospheric...
Jan 18, 2024 · Their proposal led to the creation of a cap-and-trade system under the Clean Air Act of 1990. This system set a firm cap on the total amount of sulfur dioxide that could be emitted by power plants. Companies were given emission permits, which they could either use or sell to others.
The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). One prominent example is carbon emission trading for CO 2 and other greenhouse gases which is a tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants.
May 16, 2019 · Two highly relevant lessons from thirty years of experience with cap-and-trade systems stand out. First, cap and trade has proven itself to be environmentally effective and economically cost-effective relative to traditional command-and-control approaches.
Apr 26, 2010 · The term cap and trade didn't exist until the mid-1990s, but by that time the idea had already served as the centerpiece of a landmark environmental law.
Under EPA guidance, and enabled by the Clean Air Act Amendments of 1990, in 1999 eleven northeastern states and the District of Columbia developed and implemented the NO x Budget Program, a regional NO x cap-and-trade system.
