The government’s offshore leasing system fails to account for uncertainties about environmental harms—the system ignores “option value,” a well-established economic technique that quantifies the value of delaying decisions to acquire crucial information. Policy Integrity recently argued a lawsuit that seeks to correct this flawed economic analysis. Read more »
Climate change is expected to make wildfires more frequent and intense, raising U.S. wildfire damages by tens of billions of dollars a year by 2050. Working with EDF and NRDC, Policy Integrity recently authored a report that provides the first estimate of the future costs of climate change-induced wildfires Read more »
A recent spike in rail transportation of crude oil has led to numerous accidents, resulting in fatalities and major environmental damage. Policy Integrity recently submitted public comments on proposed enhanced tank car standards and operational controls for “High-Hazard Flammable Trains” to the Department of Transportation. Read more »
Cost-benefit analysis can be an advocate’s strongest tool. When done correctly, the numbers often support strong government protections for important values like the environment, health and safety, and consumer protection. But too often, cost-benefit analysis has been used in a biased fashion, leading to deregulation or watered down rules. Keep reading »
Climate change is expected to make wildfires more frequent and intense, with new areas facing wildfire risk. This could take a serious toll on the U.S. economy by expanding the area that wildfires burn 50 percent by 2050—and raising projected damages by tens of billions of dollars a year. Flammable Planet provides the first-ever estimate of the extent to which climate change will magnify the future economic costs of wildfires.