The President’s Council on Environmental Quality (“CEQ”) has implemented several changes to the Proposed National Objectives, Principles and Standards for Water and Related Resources Implementation Studies that are consistent with recommendations Policy Integrity made in comments on the 2009 draft.
We sent this letter acknowledging CEQ’s work to clarify how federal agencies should approach selecting a baseline, employing an appropriate discount rate, and valuing non‐market goods when possible. We also commend CEQ’s discussion of the importance of transparency in the decisionmaking process, as well as its effort to refer agency decisionmakers to relevant resources for conducting their cost‐benefit analyses.