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  • Conflict of Interest Uncovered in AB32 Study as Climate Law Battle Continues

    April 22, 2010 – Triple Pundit

    “You have to look at everything, and no one looks at everything,” said Michael Livermore, director of the Institute for Policy Integrity at NYU Law School. Livermore recently co-authored a study on the economic impact of one of the environmental bills pending in the US Senate.

    “Some people think it’s going to be terrible, some think it’s going to be really good,” he said. “You look at the different sectors and do as a good a job as you can.” Of course some might argue that the issue ultimately is not job creation, but saving our civilization from massive environmental turmoil.

  • Holladay quoted on waiting to drill for oil offshore

    February 18, 2010 – SolveClimate

    J. Scott Holladay, an economics fellow at New York University School of Law’s Institute for Policy Integrity, says that some assumptions and omissions in the report call the huge GDP number into question. One of the biggest omissions, he says, is the option value of leaving the oil where it is.

  • Methane leakage runs up a $50 billion bill

    October 22, 2009 – Grist

    Methane is a greenhouse gas 25 times more potent than carbon dioxide, so when it’s leaking by the ton, it’s a $50 billion problem. The New York Times described the phenomenon of methane leakage in a recent article which raised questions about the true costs of this waste.

  • Low-profile changes at EPA could have major environmental impacts.

    July 13, 2009 – Environmental Valuation & Cost-Benefit News

    EPA has been quietly working on some serious changes to the guidelines it uses to conduct cost-benefit analysis. Tweaks to the powerful but low-profile Guidelines for Preparing Economic Analyses could have major impacts on the environment. The Guidelines is little known outside of EPA, but is used in the design of every major environmental regulation.

  • Big oil’s lobbying spending up

    May 21, 2009 – The Financial Times

    Is the increased spending working, though? Michael A. Livermore, executive director of the Institute for Policy Integrity at New York University, says in TNR that by comparison to say, utilities, big oil is left out in the cold:

  • Is It Too Late To Go Back To 100% Auctions?

    May 20, 2009 – The New Republic’s The Vine Blog

    But there is one major industry that Waxman and Markey have left out in the cold: Big Oil. Lobbyists for the oil industry are now running around Capitol Hill in panic because the bill hands out big subsidies to keep electricity prices down, but does nothing to subsidize gasoline consumption. Combine that with the Obama administration’s plans for tighter vehicle fuel-economy standards, and Big Oil appears to be on the ropes.

  • Why Offshore Drilling Can Wait

    April 8, 2009 – The New Republic’s The Vine Blog

    Last summer, when oil prices shot past $140 per barrel, offshore oil drilling became the biggest topic in politics for a short while. In the months leading up to the election, congressional Democrats went ahead and let the offshore-drilling moratoria expire—kicking the issue up to the administration. At the moment, President Obama and his Interior Secretary Ken Salazar are under no obligation to open up new areas to oil companies. They just have to come with a plan to auction drilling rights, and they have broad discretion to decide where and when to allow drilling.

  • Guest post: Michael Livermore on cost-benefit analysis

    October 27, 2008 – Common Tragedies

    Our next President will face triplet crises on the economy, environment, and energy. A fiscal crisis teetering on recession, uncontrolled greenhouse gases, and oil-rich dictators profiting from sky-high prices at the pump. With these three major storm fronts rolling in and threatening to collide, we’d better be prepared with a good plan. And I don’t think evacuation is an option.

  • Weighing the costs and benefits of increased offshore drilling

    September 11, 2008 – Grist

    On September 12, Congress will vote on a new energy package that addresses the offshore drilling moratorium among other issues. Given the large divisions among and between the parties, it’s unlikely a final solution will be enacted. That might not be a bad thing. A breather before the new Congress would give us some time to really flesh out the pros and cons of this decision. Questions, heated opinions and conflicting information have been bandied about for months. With so much confusion, we need to do a better job of figuring out the costs and benefits of this major choice.

  • Drill, Baby, Drill–If It Makes Economic Sense, That Is

    September 9, 2008 – Wall Street Journal’s Green Ink Blog

    In other words, what are the real costs and benefits of opening up America’s coast to more oil exploration? That’s just what a couple of NYU academics want Congress to figure out as it regroups this week to tackle the energy crisis. Richard Revesz and Michael Livermore sent a letter today to House speaker Nancy Pelosi and House Republican leader John Boehner urging Congress to put economic—not political—concerns at the forefront of the energy debate for a change.