Benefit-Cost Analysis of Air Pollution, Energy, and Climate Regulations

This element offers a review and synthesis of the research on economic methods for evaluating regulations that improve air quality, save energy, and reduce climate risks. The intended audience is regulators and other constituencies interested in the nexus between scholarship and practice
analysts in government agencies and research organizations
and academic scholars and their graduate students. Topics include the evolution of regulatory impact assessment in the OECD
cost estimation, including engineering, partial equilibrium, and general equilibrium approaches
benefit valuation, with an emphasis on the value of reducing risk of illness and premature mortality, and methods for pricing carbon emissions
discounting methods, and their relationship to carbon pricing
the distribution of regulatory costs and benefits
and uncertainty evaluation methods for addressing less and more fundamental uncertainty. Perspective on the relevance and limitations of current research is offered. This title is also available as Open Access on Cambridge Core.