The Grand Experiment
A few weeks ago, I read an opinion piece in the Washington Post that praised the Acid Rain Program as an example of how people with different perspectives could come together to create a successful program to solve an important problem. Reading this article twenty years after I helped write the bill that created the Acid Rain Program, I couldn’t help but ask – How did we do it?
The Acid Rain Program is often called “the grand experiment” because it is the world’s first large-scale air emissions cap and trade program. Signed into law in 1990, it created a cap and trade program that requires power plants to reduce emissions of sulfur dioxide (SO2) in order to address acid rain…
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