EC238 Study Guide - Final Guide: Montreal Protocol, Acid Rain Program, Total Maximum Daily Load
Document Summary
A standard that allows a muli-plant irm to treat the emissions of all their faciliies together when considering how to achieve their total abatement target. Reducing their total emissions by the target % but achieve the reducion by allocaing abatement aciviies as they see it. Reducing sulphur dioxide emissions from four plants in ontario, giving ontario hydro the ability to allocate the reducions among its power generaing faciliies as they saw it. Acid rain was having a signiicant negaive impact on tourism, agriculture, forestry, commercial ishing etc. Ontario government responded with carp, with a goal to reduce so2 emissions by 50% by 1994 relaive to 1980. Government can use tax revenue from environmental tax to increase government expenditures, pay down public debt or recycle revenue back in to the economy. An emissions trading system that sets a baseline level of emissions for each irm within the trading system with reducions below that level being issued as credits to the source.
