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Air Quality and Emissions Trading: A Primer (CRS Report for Congress)

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Release Date April 16, 2001
Report Number RS20891
Report Type Report
Authors David M. Bearden, Resources, Science, and Industry Division
Source Agency Congressional Research Service
Summary:

Emissions trading is a market-based mechanism used to lower the costs of complying with air quality regulations. It allows sources facing high pollution control costs to meet their emission limits by purchasing excess reductions from other sources that can afford to lower their emissions further than federal or state regulations require. This report serves as a primer on the concept of emissions trading.