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The Power of an Idea

In: How I Saw It Analysis and Commentary on Environmental Finance (1999–2005)

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  • Richard L. Sandor

Abstract

Stories about the demise of sulfur dioxide (SO2) emissions trading appear routinely every year. This year was different—there seemed to be more of them. Some implicated the program in local mortality rates; others predicted the complete failure of the program while erroneously linking it to unsuccessful lawsuits that would have brought older plants under new regulation. Forward prices were going to collapse and the entire SO2 allowance market with it. However, it now appears that the death of “cap and trade” systems are tomorrow’s story and, parenthetically, promise to always be so…

Suggested Citation

  • Richard L. Sandor, 2017. "The Power of an Idea," World Scientific Book Chapters, in: How I Saw It Analysis and Commentary on Environmental Finance (1999–2005), chapter 37, pages 152-155, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813202658_0037
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    More about this item

    Keywords

    Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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