Burtraw, Dallas; Evans, David A. - In: Australian Journal of Agricultural and Resource Economics 53 (2009) 1
The use of cap-and-trade to regulate air pollution promises to achieve environmental goals at lower cost than … traditional prescriptive approaches. Cap-and-trade has been applied to various air pollutants including sulphur dioxide, nitrogen … the planet. However, the efficacy of a cap-and-trade policy for CO 2 depends in large part on the design of the program …