Mercury and Air Toxics Standards: Co-Benefits and the Courts in U.S. Cost-Benefit Analysis

2018 ◽  
Vol 2 (1) ◽  
pp. 1-10
Author(s):  
Arik Levinson

In April 2017, the U.S. Court of Appeals in Washington DC agreed with the U.S. Environmental Protection Agency (EPA) to delay indefinitely a lawsuit over the Agency’s regulation governing mercury pollution from power plants. Lawyers for the EPA argued that they needed time to evaluate the status of the lawsuit, due to “the recent change in Administration.” The case, Murray v. EPA, centers on the Agency’s analysis of the benefits of reducing mercury pollution. Key to that litigation is the EPA’s treatment of co-benefits—the incidental reductions to pollutants aside from mercury. As of this writing, the Agency has still not decided how to proceed. This case summarizes the EPA’s 2011 Regulatory Impact Analysis at the heart of the legal dispute.1

2021 ◽  
Vol 14 (1) ◽  
pp. 24
Author(s):  
Thomas L. Hogan

This paper reviews the cost-benefit analysis, or “regulatory impact analysis” (RIA), in US bank regulators’ risk-based capital (RBC) rule proposals. We review the principles of cost-benefit analysis and its application by US bank regulators. We provide a brief background on RBC rules and review the literature on their costs and benefits. We then evaluate 27 proposed RBC rules and related rules on bank liquidity. We find that nine of the 27 rules include RIAs. Five of the RIAs claim the proposed rule will create net benefits, but none provide quantitative evidence that the benefits exceed the costs. In two proposals, the evidence cited indicates the rules’ net benefits may actually be negative.


2021 ◽  
Author(s):  
Woko - Suparwoko ◽  
Fadhil Ahmad Qamar

Abstract PV system is an eco-friendly option to meet the need for energy due to its lower carbon footprint when compared to the fossil-fueled power plants. In this research, we performed techno-economic and regulatory impact analysis on a rooftop PV system on a mosque in Purworejo, Indonesia under a net metering mechanism. The use of PV system on the mosque rooftop can reduce its entire carbon emission from its annual energy usage, which equals to 4 tonnes of carbon dioxide equivalent. However, the economic feasibility of the PV systems, measured by the NPV of the electricity bill saving, shows negative values for all PV system configuration, defined by the type and number of panels. This low financial attractiveness is resulted from several unsupportive regulations: the subsidized electricity tariff, the minimum grid electricity usage limit and the less rewarding net metering scheme. The abolishment of minimum usage limit incurs the greatest increase of NPV to the PV system that is designed to entirely supply the load demand. While the implementation of higher electricity tariff incurs the highest increase of NPV for the PV systems with partial supply scenario. This study shows that at the current electricity tariff, costs of components, and the implemented regulations around the adoption of PV system, it is financially unfeasible to install a PV system on the mosque rooftop.


2015 ◽  
Author(s):  
Jonathan DeHart ◽  
Kimberly Nastase ◽  
William Remley ◽  
Stephen Luzzi

The Environmental Protection Agency (EPA) national security exemption (NSE) status can be applied to new and existing U.S. flagged vessels having a national defense mission and meeting associated criteria. Benefits of installing noncompliant marine engines on NSE vessels may include preserving a vessel class’ primary defense mission capability and engine configuration control. The drawback is increased emissions. An objective and versatile methodology framework was developed to quantify the cost-benefit tradeoff for NSE vessels, vehicles, and equipment. The parametric-based comparison of one-time and ongoing costs with monetized health benefit (utilized in conventional regulatory impact analyses) satisfactorily encompasses the fundamentals of environmental health risk and can be applied to all mobile and stationary equipment types.


2011 ◽  
Vol 2 (1) ◽  
pp. 13-17 ◽  
Author(s):  
Michael A. Livermore

On Tuesday, January 18, 2011 President Obama issued a new executive order and two somewhat related memoranda which embody some of the principles discussed by the Office of Information and Regulatory Affairs (OIRA) Administrator Cass Sunstein in this Journal. Building on three decades worth of practice in the United States with regulatory review, the new order and memoranda maintain significant continuity with past experience, while emphasizing both “humanizing” and rationalizing elements in the practice of regulatory impact analysis.


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