EPA Approves New Jersey Generic Bubble Rule, Develops Consolidated Guidance for Controlled Trading Program
Ever since national programs to control pollution were first considered, policy makers and scholars have argued about whether the force of law, through regulation, or the force of the market, through economic incentives, would be the more effective and efficient approach.1 The arguments for regulation are that it is a more direct and certain means of attaining environmental quality goals because it works through clear, measurable standards which specify exactly how much each polluter may emit, and that it demonstrates clearly the national moral commitment to eradic