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Publications

Markets for the Environment

Markets are increasingly being used and proposed as a way to address environmental problems and manage natural resources. Functioning markets exist for water rights and sulfur dioxide credits can even be purchased via the Internet. Markets are being developed for trading water quality credits, greenhouse gas emissions, and many other environmental services. In this paper, I examine why such markets are being widely proposed, give some background on their history, and speculate on their future. The other papers in this Choices theme provide an overview of what is really happening “on the ground,” discussing how well the promise of these new markets has been met in reality.

Publication Name
Choices
Author
Richard T. Woodward
Publisher
Ames, IA: The American Agricultural Economics Association
Page Numbers
1
Publication Date
January 01, 2005
Publication Type
Articles
State
National
Keywords
Environmental Benefits, Farm Bill

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