Whither Markets for Environmental Regulation of Air, Water, and Land?


Dec. 5, 2012

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Over the past 60 years, environmental economists have pioneered the idea of market-based approaches to solving environmental problems. Regulators have implemented market-based programs for air pollution, water pollution, land management, and other environmental policy problems at local, state, federal, and—in the case of greenhouse gas regulation—international levels. Some applications hew more closely than others to ideal market-based policy design, as defined by economic theory, and programs have met with varying degrees of success. As part of RFF's Resources 2020 lecture series—our 60th anniversary exploration of how economic inquiry can address future environmental challenges—panelists at this seminar discussed what we can learn from successful and unsuccessful applications of market-based policy and its desirability, feasibility, and design in the future. The panel included RFF experts on environmental markets for air, water, and land, as well as leaders in the policy community with diverse experience on these issues.


Sheila Olmstead, Fellow, Resources for the Future


Dallas Burtraw, Darius Gaskins Senior Fellow, Resources for the Future

Art Fraas, Visiting Scholar, Resources for the Future

Margaret Walls, Research Director and Thomas J. Klutznick Senior Fellow, Resources for the Future

Leonard Shabman, Resident Scholar, Resources for the Future

Sally Katzen, Senior Advisor, Podesta Group

David Doniger, Policy Director, Climate and Clean Air Program, Natural Resources Defense Council

C. Boyden Gray, Partner, Boyden Gray & Associates

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