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- W88333679 abstract "Load-based licensing is a form of pollution taxation that has been recently adopted for various air and water pollutants in New South Walles. As with other taxation based systems for pollution control, the effectiveness of load-based licensing depends on the levels of the set marginal fee rates and the responsiveness of the abatement activities by the polluters to those rates. After four years of the load-based licensing system in NSW, whereby the marginal fee rates gradually increased, data were available to conduct testing as to the effects of the changes in the marginal fee rates on the level and on the changes of NOx emissions by licensed emitters. Analysis was conducted using econometric methods suitable for panel data analysis. Results from the conducted analysis suggests that overall, the marginal fee rates were probably set too low to warrant substantial reduction in NOx emissions. This finding calls for modification of the existing system by increasing the load-based fee rates, perhaps in combination with a system of tax revenue recycling, along the lines of the Swedish NOx system. An alternative that warrants serious consideration is a tradable permit system for NOx as implemented in some parts of the US. JEL classification: Q52, Q53, Q58." @default.
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- W88333679 date "2006-01-01" @default.
- W88333679 modified "2023-09-26" @default.
- W88333679 title "Load-Based Licensing: Getting the rates right" @default.
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