Home » Using Marginal Damages in Environmental Policy: A Study of Air Pollution in the United States by Nicholas Z. Muller
Using Marginal Damages in Environmental Policy: A Study of Air Pollution in the United States Nicholas Z. Muller

Using Marginal Damages in Environmental Policy: A Study of Air Pollution in the United States

Nicholas Z. Muller

Published January 19th 2013
ISBN : 9780844772202
ebook
164 pages
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 About the Book 

This technical volume makes the case that air pollution policy in the United States can be improved through consideration of both the marginal abatement costs facing regulated sources, and the marginal damages associated with their emissions. TheMoreThis technical volume makes the case that air pollution policy in the United States can be improved through consideration of both the marginal abatement costs facing regulated sources, and the marginal damages associated with their emissions. The preferred approach is a fully efficient regulatory scheme. Recognizing that completely reforming todays regulatory program, which consists of a mix of command-and-control policies and cap-and-trade programs, is not likely to be easy in the short run, the authors propose a prioritization scheme for regulatory reform. This scheme ranks sources according to the net marginal damage of additional emissions. Policymakers should focus reforms on those sources and pollutants with the largest differences between marginal damages and marginal costs- this will yield the greatest return on incremental investments in abatement.