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Reforming Regulatory Impact Analysis by Richard D Morgenstern, Lisa Heinzerling, Winston Harrington

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CHAPTER 7

The CAMR: An Economist's Perspective

ALAN J. KRUPNICK1

The Clean Air Mercury Rule (CAMR) was issued in March 2005 (EPA 2005a) along with the supporting regulatory impact analysis (RIA; EPA 2005b). The CAMR would have put in place a cap-and-trade system for reducing mercury emissions from power plants, following up on a cap-and-trade system (mandated by the Clean Air Interstate Rule, or CAIR; EPA 2005c) that would have tightened the existing cap on sulfur dioxide (SO2) emissions from utilities. It also would have implemented a new cap-and-trade system for utility nitrogen oxide (NOx) emissions. The CAIR would have resulted in significant ancillary reductions in mercury emissions at these sources. The incremental mercury reductions ...

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