1.Previous
3.Next

Crocker, Dales, Montgomery etc.) and, independent of the former, tinkering with "flexible regulation" at the US Environmental Protection Agency.
# Proof of Principle: First developments towards trading of emission certificates based on the "offset-mechanism" taken up in Clean Air Act in 1977. A company could get allowance from the Act on a greater amount of emission when it paid another company to reduce the same pollutant.
# Prototype: Launching of a first "cap-and-trade" system as part of the US Acid Rain Program

1.Previous
3.Next