Clean Air Act Implementation Hearings Before the Subcommittee On Energy And Po
Clean Air Act Implementation Hearings Before the Subcommittee On Energy And Po
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In our eReader you can find the full English version of the book. Read Clean Air Act Implementation Hearings Before the Subcommittee On Energy And Po Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Clean Air Act Implementation Hearings Before the Subcommittee On Energy And Po
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Benefits of a Trading System The way an allowaiKe trading program, such as Title IV's, work in theory is quite simple. Affected sources compare their SO2 control costs with the market price of allowances. If the price is greater than their cost, they would take measures to reduce their emissions, perhaps overcontroUing emissions (that is, controlling beyond their requirement) to sell to others. They will continue to control or overcontrol to the point where their marginal cost of control is equ...al to the price of allowances. If the price of allowances is below their control costs, then the source would purchase allowaiKes from others. A market-based approach such as the allowance program recognizes and utilizes the fact that affected sources have different control costs. Control costs are, therefore, allocated to the lowest cost sources, while relatively higher cost sources purchase allowances.
Thus far, the SO2 trading program has produced notable cost savings from what would have occurred with a command-and-control environmental program with the same level of SOj reduction.
What to read after Clean Air Act Implementation Hearings Before the Subcommittee On Energy And Po?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Energ to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Benefits of a Trading System The way an allowaiKe trading program, such as Title IV's, work in theory is quite simple. Affected sources compare their SO2 control costs with the market price of allowances. If the price is greater than their cost, they would take measures to reduce their emissions, perhaps overcontroUing emissions (that is, controlling beyond their requirement) to sell to others. They will continue to control or overcontrol to the point where their marginal cost of control is equ...al to the price of allowances. If the price of allowances is below their control costs, then the source would purchase allowaiKes from others. A market-based approach such as the allowance program recognizes and utilizes the fact that affected sources have different control costs. Control costs are, therefore, allocated to the lowest cost sources, while relatively higher cost sources purchase allowances.
Thus far, the SO2 trading program has produced notable cost savings from what would have occurred with a command-and-control environmental program with the same level of SOj reduction.
What to read after Clean Air Act Implementation Hearings Before the Subcommittee On Energy And Po?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Energ to read onlineMoreLess
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