Turn to the nation's most objective and informative daily environmental news resource to learn how the United States and key players around the world are responding to the environmental...
The EPA’s model for evaluating the broad economic costs and benefits of air pollution regulations isn’t clear enough to help the general public, members of the agency’s Science Advisory Board said Aug. 29.
The analysis is intended to help utilities, industries, and the Environmental Protection Agency’s policymakers determine the effects of federal regulations on factors like energy prices and employment. A recent court decision in Murray Energy Corp. v. EPA gave the agency latitude to carry out cost-benefit reviews as it and its advisers deem appropriate.
Members of the science board, who met Aug. 29 to discuss their draft report on EPA’s draft economy-wide model, sought clarifications and transparency on the model’s shortcomings.
“These models are very intricate, very complex—a lot of moving parts—and in some cases those are grounded in careful econometric estimates,” said Robert Johnston, a board member and economics professor at Clark University. “But in many cases, we don’t have the data, and these models are based on long-maintained assumptions.”
A Science Advisory Board sub-panel formed to create the report will make revisions and send the report to Administrator Scott Pruitt once the panel’s chair, Peter Wilcoxen, has signed off.
“This is a tremendously costly endeavor, and that’s why we haven’t done it already,” Wilcoxen, an environment and international policy professor at Syracuse University, said.
Members of the chartered Science Advisory Board include consultants, researchers and analysts at U.S. universities, environmental advocacy groups, Dow Chemical, Procter & Gamble, and ExxonMobil.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)