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Trading Sulfur Dioxide Allowances

journal contribution
posted on 01.01.1981, 00:00 authored by Carol Goldburg, Lester B. Lave

Acid rain became the dominant environmental concern in the late 1970s. This problem resulted from a quirk in the 1970 Clean Air Act; Congress had designed a two-tiered system that imposed stringent standards on new sources, and all but ignored existing sources.




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