Tuesday, June 21, 2005

"Market based" environmental reform

One of the theories bandied about environmental reform is to just let "market forces" work it out. It's a very tempting thought, since we can see just how successful the "free market" is in providing us with supermarkets full of goods and services.

Here's a few examples:

TerraPass - For-profit company selling certificates that equal the carbon emissions of one car. They then use the money to buy carbon credits on the carbon exchange, and then retire those credits, locking the carbon reduction in place.

Green Tags - Green tags are also referred to as renewable energy certificates or credits (RECs) or tradable renewable credits (TRCs).

Acid Rain Program - The overall goal of the Acid Rain Program is to achieve significant environmental and public health benefits through reductions in emissions of sulfur dioxide (SO2) and nitrogen oxides (NOx), the primary causes of acid rain. To achieve this goal at the lowest cost to society, the program employs both traditional and innovative, market-based approaches for controlling air pollution. In addition, the program encourages energy efficiency and pollution prevention.

Chicago Climate Exchange

EPA's Clean Air Market - lean air markets programs include various market-based regulatory programs designed to improve air quality.