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Publications

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  • Assessing the Rationale for the EPA’s Proposed Regulatory Science Rule
    Policy Brief

    Assessing the Rationale for the EPA’s Proposed Regulatory Science Rule

    By Madison E. Condon, Michael A. Livermore, Jeffrey G. Shrader
    December 19, 2019

    The U.S. Environmental Protection Agency (EPA) is considering a new policy that would prohibit the agency from issuing regulations that rely on studies whose underlying data are not publicly available. While the EPA claims it is pursuing this policy in the interest of transparency, we argue that such a prohibition would greatly hinder, rather than help, the rulemaking process and would likely result in undesirable regulatory outcomes that fail to maximize economic welfare.

  • Opportunities for Valuing Climate Impacts in U.S. State Electricity Policy
    Report

    Opportunities for Valuing Climate Impacts in U.S. State Electricity Policy

    By Denise A. Grab, Iliana Paul, and Kate Fritz
    April 2, 2019

    With an absence of federal leadership on climate change, many states have worked to reduce greenhouse gas emissions on their own, often by incorporating a broader range of considerations into electricity policy. Our report assesses the potential to expand the valuation of climate damages in state electricity policy using Social Cost of Carbon metrics. We examine existing statutes and regulations in all 50 states to identify opportunities for valuing climate impacts around the country.

  • A Lower Bound
    Issue Brief

    A Lower Bound

    Why the Social Cost of Carbon Does Not Capture Critical Climate Damages and What That Means for Policymakers

    January 31, 2019

    The Social Cost of Carbon, developed by the Obama-era Interagency Working Group (IWG), is the best available tool for measuring the economic damages from greenhouse gas emissions. It has been used in analysis for over 100 federal regulations that affect greenhouse gas emissions, as well as by a number of states in electricity and climate policy. Still, many significant impacts identified by the Intergovernmental Panel on Climate Change are difficult to quantify and so have been omitted from the IWG SCC estimates. Impacts such as increased fire risk, slower economic growth, and large-scale migration are all unaccounted for, despite their potential to cause large economic losses. Our new issue brief discusses these omissions and other variables that will influence climate outcomes. We encourage policymakers to account for this likely underestimate by viewing the SCC as a lower bound for damages.

  • Congress and the Executive
    Academic Article/Working Paper

    Congress and the Executive

    Challenging the Anti-Regulatory Narrative

    By Richard L. Revesz
    January 30, 2019

    Critics of the administrative state have been urging Congress to rein in regulatory action, claiming that regulations created by executive agencies are undesirable as a matter of policy and are in violation of constitutional principles. In a troubling development, the Trump Administration has also turned away from cost-benefit analysis in order to carry out its anti-regulatory agenda, disregarding an established bipartisan consensus that stretched back several decades. This article, published in the Michigan State Law Review, argues that this anti-regulatory position is unwarranted. These executive regulatory actions produced large net benefits to the American people, were carried out pursuant to authority delegated by Congress, and were reviewed by the courts. By contrast, more robust action by Congress, as long as Congress continues to exhibit its current gridlock on important policy issues like climate change, is unlikely to be beneficial.

  • Deregulation Run Amok
    Report

    Deregulation Run Amok

    Trump-Era Regulatory Suspensions and the Rule of Law

    By Bethany A. Davis Noll and Alec Dawson
    November 13, 2018

    Our report provides a survey of the legality of Trump Administration’s regulatory suspensions. Looking at a number of cases, we discuss the administration’s disregard for notice-and-comment requirements, statutory restrictions, and the reasoned explanation requirement. We also lay out some of the challenges facing advocates, and the strategies by which agencies have evaded review.