Tag: cost-benefit analysis
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EPA Reframes Air Pollution Cost-Benefit Analysis for Rules
Overview: A fundamental shift in how costs and benefits are weighed The Environmental Protection Agency (EPA) is altering its approach to evaluating air pollution rules. For years, the agency has attached a dollar value to lives saved and health improvements expected from various regulations. That practice, long a cornerstone of rulemaking, is changing. The EPA…
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EPA Overhauls How It Weighs Costs and Benefits of Air Pollution Rules
What’s changing at the EPA After years of using monetized estimates of health benefits to justify air pollution standards, the Environmental Protection Agency is changing how it weighs those benefits against economic costs. The agency will no longer rely on a single dollar figure to value lives saved and illnesses prevented when evaluating major air…
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EPA Overhauls How It Values Health Benefits in Air Pollution Rules
Introduction: A Shift in How Air Rules Are Measured The Environmental Protection Agency (EPA) is changing a long-standing practice: assigning a dollar value to lives saved and health improvements when evaluating air pollution regulations. For decades, the agency used economic cost-benefit analyses to justify or adjust environmental protections. The latest move marks a transition away…