Daniel J. Dudek
mains to be seen whether EPA will be More flexible market policies such as up to the challenge of writing rules un- emissions tradimg can produce reducder the new Clean Air Act that will nur- tions in several pollutants simultaneousme rather than throttle the development ly because sources are not prevented of an SO, market. Acid rain is a critical from optimizing over several pollutants public policy experiment which the as is the case with the u d commandwhole world is watching as negotiations and-control policy prescription. In this on greenhouse gases commence. sense, flexible policies are inclusive The need for global environmental 'rather than exclusive. Opportunities to markets has beco
would establish regulatory
ms for CO, offsets to be creat-
environmental resources whic
economic and environmental gains are done without, and political bargaining
sary lines.
the potential for environmental markets to add value to the economy is often
ogies and fuels that generate little or no pollution.
Rather, the failure of such
