A Deeper Look at Tradeable Allowances

Transcript

♪ [music] ♪ - [Alex] Tradable permits are a kind of combination of costs and command and control. We covered the essential idea in the previous video. In this video, I just want to underline a few key points. Let's get started. The Clean Air Act was very successful. Under the act, SO₂ emissions have fallen over time, and at the same time, electr... Read More