The Origin of Emission Markets. The Commodification of Environmental Regulation for Air Pollutants in the United States

Abstract

This article describes the birth of the regulation of atmospheric pollutants, as well as its transformation, which transitioned from being under state control to a regime based on market instruments.It also shows the gradual commodification of the approach to air pollution problems, whose origins lie in the United States and which was condensed into three historical moments: the formation of the Emission Trading Program (1982), the Average between refineries program (1985) and the Acid Rain Program (1995). These experiments, within the command and control environmental regulation regime, led to the formation of the first pollutant atmospheric emissions market in world history and paved the way for a new environmental regulation regime known as cap and trade.

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Published
2021-06-01
How to Cite
Vega Ruiz, R. (2021). The Origin of Emission Markets. The Commodification of Environmental Regulation for Air Pollutants in the United States. Norteamérica, Revista Académica Del CISAN-UNAM, 16(2). https://doi.org/10.22201/cisan.24487228e.2021.2.473
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