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Cost-Effective Control of Urban Smog: The Significance of the Chicago Cap-and-Trade Approach
Contributor(s): Kosobud, Richard (Author), Stokes, Houston (Author), Tallarico, Carol (Author)
ISBN: 041570202X     ISBN-13: 9780415702027
Publisher: Routledge
OUR PRICE:   $209.00  
Product Type: Hardcover - Other Formats
Published: October 2006
Qty:
Annotation: Many large urban areas have health and visibility problems due to ozone precursor emissions and low-level ozone concentrations, but have yet to find flexible and cost-effective regulatory measures to deal with these issues.
This book analyzes the performance of a pioneering cap-and-trade market recently established to reduce emissions in a more flexible and cost-effective manner than prescriptive or traditional regulation. The results should be of special interest to urban areas confronted by complex pollution problems requiring new regulatory and implementation approaches.

Additional Information
BISAC Categories:
- Science | Environmental Science (see Also Chemistry - Environmental)
- Social Science | Sociology - Urban
- Nature | Weather
Dewey: 363.739
LCCN: 2006003838
Series: Routledge Explorations in Environmental Economics
Physical Information: 0.71" H x 6.5" W x 9.28" (0.97 lbs) 202 pages
Themes:
- Cultural Region - Midwest
- Cultural Region - Upper Midwest
- Geographic Orientation - Illinois
- Locality - Chicago, Illinois
 
Descriptions, Reviews, Etc.
Publisher Description:

Containing rigorous hard evidence, this book is of immense practical use to postgraduates, researchers and business communities affected by or working in environmental regulation. The author, a leading name in the environmental economics community, examines the problem of urban smog in cityscapes and the difficulty of achieving cost-effective controls.

Analyzing the key areas of urban smog, low-level ozone and volatile organic compound emissions and their impact on health and welfare of communities this text assesses and evaluates the performance of emissions trading systems and suggests alternative market designs for incentive control of pollution. Taking a well-reasoned approach to the contentious area of the use of market incentives to achieve environmental goals, it provides a study of the pioneering cap-and-trade market, particularly focusing on its poor performance in Chicago.

A perfect supplementary text postgraduates and researchers, this is also an essential read for all those interested in environmental economics.