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The Acid Rain Economy: How the Free Market Tackled an Environmental Challenge
Pages 1-4

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From page 1...
... But the first rain sample they collected in the summer of 1963 at the Hubbard Brook Experimental Forest in New Hampshire was surprisingly acidic. By the early 1970s, after almost a decade of corroborating research, they felt confident that acid deposi tion had become a significant regional problem and a factor in declining forest productivity, fish kills, and the deterioration of buildings and bridges.
From page 2...
... The United States, for instance, imposed an excise tax in 1980 on hazardous chemicals to support its Superfund cleanup work and another on petroleum products after the 1989 Exxon Valdez disaster for the Oil Spill Liability Trust Fund. Politicians, pundits, and economists from Al Gore to Alan Greenspan continue today to advocate such a tax on carbon as a means of addressing climate change.
From page 3...
... Soon after, a federal policy maker browsing through emissions reports Chinese President Xi Jinping stopped dead at one on an Ohio power plant that had been a major polluter. announces plans to use a Almost overnight, it had cut emissions 95 percent, from 380,000 tons of sul- marketplace approach to curb Chinese carbon emissions fur dioxide annually down to 19,000.
From page 4...
... That proGene E Likens and field gram has at times stumbled badly, in part because it issued too many allowassistant Marilyn Fox collect ances at first, but also because reducing carbon emissions has turned out to be a rain sample in 1963 at the Hubbard Brook Experimental a much larger and more difficult proposition.


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