Who CAIRs? The Future of NO_x and SO_2 Trading and the Clean air Interstate Rule

摘要

Sulfur Dioxide Allowances: Retirement ratio increases; Administered through Acid Rain; Nitrogen Oxides Allowances: Cap based on 0.15 lbs/mm Btu; Basis then reduces to 0.125 lbs/mm Btu; Annual AND Seasonal trading (effectively, 17 months per year); Fuel adjustment factors skew distribution.