The next generation of environmental law should use economic incentives to creatively stimulate innovation in environmental technology. This Article proposes an environmental competition statute as a means of stimulating movement toward a more sustainable future. Such a statute would authorize those who achieve low emissions to collect the cost of achieving low emissions plus a premium from competitors with higher emissions.
This Article briefly explains the value of using this mechanism. It then canvasses the problems with the first and second generation of environmental law that an environmental competition statute can help us overcome. A detailed description of an environmental competition statute follows. The Article then turns to possible objections to the scheme not addressed in the previous material. It closes with a brief conclusion.
David M. Driesen,
An Environmental Competition Statute,
San Diego J. Climate & Energy L.
Available at: http://digital.sandiego.edu/jcel/vol2/iss1/8