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Give the Gift of Pollution Credits
By Andrew Walsh on Tuesday, January 9, 2001.
listen: No audio currently available. Order on CD (pdf).
Environmental groups have found a new way to use market forces to reduce air pollution. Pollution--or Clean Air--credits are traded on the Chicago Board of Trade. Intended for factories that exceed their quota of pollution emissions, the EPA made these credits available in 1990. Amherst Democrat Peter Somssich describes how groups such as the Clean Air Conservancy and the American Lung Association are buying up these credits.
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