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The Economics of Managing Chlorofluorocarbons
Chlorofluorocarbons are known to be effective spray can propellants, solvents and refrigerators and were often used in deodorants, refrigerators and other goods. However, it was not known at the beginning of their use, the complex reaction that CFCs have on the earth’s climate. Originally published in 1982, this report explores early research into the effect that CFCs have on the environment and provides guidance on how this emerging issue should be dealt with. This title will be of interest to students of Environmental Studies.
Between Earth and Sky
By the 1950s CFCs had found further applications: as propellants in aerosol spray cans, in the manufacture of Styrofoam, and as vital industrial solvents. Then, in 1974, after millions of tons of CFCs had been released into the Earth's atmosphere, two scientists at the University of California demonstrated that these same "safe" wonder substances had altered the fundamental chemistry of the atmosphere and had begun to erode the ozone layer - the protective shield of all life on earth. The battle to restrict CFCs was fought in laboratories, at international conferences, and in the halls of Congress, pitting environmentalists intent on remedying what had become a global crisis against industrialists and government officials opposed to regulation. Finally, in 1987, fifty-seven nations signed the first global environmental treaty - the Montreal Protocol, which regulated the further production of CFCs and ushered in a new era of international cooperation on the environment.
Economic Implications of Regulating Chlorofluorocarbon Emissions from Nonaerosol Applications
The study examines and compares the outcomes of two alternate methods for controlling nonaerosol emissions of chlorofluorocarbons (CFCs). Conventional regulatory methods such as technology standards are compared with innovative methods of regulation such as use taxes or production quotas distributed through the use of marketable permits. The economic costs of each system are calculated and compared, along with a discussion of the policy issues which must be addressed when choosing one form of regulation over another.
