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Chicago Fed Letter, No. 135, November 1998
Emissions Trading — Lessons from Experience

What have we learned from emissions trading programs? The Federal Reserve Bank of Chicago recently hosted two one-day conferences that were sponsored jointly with the Acid Rain Division of the U.S. EPA and the University of Illinois at Chicago and organized by the Workshop on Market- Based Approaches to Environmental Policy. The conferences focused on how efforts to improve air quality have incorporated emissions trading programs and what has been learned in the process. This Chicago Fed Letter presents a summary of the discussions.



Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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