Aguanomics: Optimal regulation

Environmental Economics

I was giving a lecture on institutions and regulation, and I wanted students to understand how ( sometimes)  markets or other negotiations are more efficient in resolving disputes over damages (from pollution or offense) between the offending and offended parties.

Upcoming GDPR regulation used to spam

Green (Living) Review

by Michael Smith (Veshengro) One cannot call it any other way. In the last couple of days, aside from the ones I have been/am subscribed to, there are emails arriving from organizations, PR companies, and whatever that I have never heard of and never been subscribed to any of their mailing lists.

2018 151

"What Trump misses about regulations"

Environmental Economics

Joe Aldy: President Trump jettisoned more than 30 years of bipartisan regulatory policy on January 30 when he issued an executive order on “ Reducing Regulation and Controlling Regulatory Costs.” The order requires that whenever a new regulation is enacted by any federal agency, regulators must eliminate two rules, so that the cost of complying with the new rule is offset by the costs associated with the two existing rules. Are regulations costly for business?

The idea is that the benefits of regulations are zero

Environmental Economics

From the "text of executive order on eliminating rules": (b) For fiscal year 2017, which is in progress, the heads of all agencies are directed that the total incremental cost of all new regulations, including repealed regulations, to be finalized this year shall be no greater than zero, unless otherwise required by law or consistent with advice provided in writing by the Director of the Office of Management and Budget (Director). (c) Regulations have benefits and costs. If

Job-killing regulations

Environmental Economics

On Mars: Fearing that any further delay might prevent their movement from having any meaningful impact, a consortium of leading conservationists confirmed Wednesday it is attempting to get a head start on preserving the planet Mars.

Regulation Monday (with snark)

Environmental Economics

President Barack Obama is using his executive authority to take his strongest action yet against climate change -- proposing new EPA regulations. Oooohhh, new regulations.  Chamber of Commerce, a business federation, estimated the new regulations will cost the economy $50 billion a year.   According to Costanza, the benefits of the new regulations will be in the neighborhood of $100 bazillion.per minute. "The

When the benefits of regulation are perceived to be zero

Environmental Economics

The regulations President Trump wants to rollback are there for that reason. monthly job reports from the BLS) and there is no short-term macroeconomic benefit from environmental regulations. Alan Krupnick: A striking feature of President Trump’s recent energy speech for me is that there is not a word to be found about the environment and health protections. via www.rff.org.

The cost of offshore drilling safety regulations seem low relative to the costs

Environmental Economics

In case you missed it over the holiday break: The Trump administration is poised to roll back offshore drilling safety regulations that were put in place after the 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico that killed 11 people and caused the worst oil spill in American history.  The fossil fuel interest group warned in 2015 that the regulations would reduce capital investment in the Gulf by $4 billion a year and threaten 50,000 industry jobs. 

2018 130

Job-killing regulations?

Environmental Economics

 "Four are in job-killing, regulation-strangled North Carolina," he says, dripping with insincerity. The Southern Environmental Law Center and the state's other environmental groups have been locked in battle with the GOP-led General Assembly this session as it shaves off regulations to help out the business community. If we're so regulation-choked, they argue, why the consistently high business and quality of life rankings?

Video — Regulating Monopolies « Knowledge Problem

Environmental Economics

Lynne Kiesling : I am pleased to announce my first video in the Learn Liberty series — “ Regulating Monopolies: A History of Electricity Regulation “.

Job-killing regulations?

Environmental Economics

From the inbox: Environmental regulations are unlikely to move the needle on jobs—they won’t drive the unemployment rate up or down.    This week, the Senate debated and rejected EPA’s mercury exposure regulation, EPA moved forward with a new soot rule , and today, the House will considered an energy drilling bill.   Especially as we approach an election, it is important to be clear about what effects regulations have or don’t have on jobs.

Job-killing environmental regulations?

Environmental Economics

What it means, instead, is that “the regulated levels of emissions from the industry are too high.” That is, environmental regulations aren’t strict enough I knew if I waited long enough I would not need to face this challenge. Paul Krugman considers the impacts of environmental policy and finds that: the macroeconomic impacts are small (even when apparently overestimated). the environmental impacts are large. Here is the bulk of the article: Both Rick Perry and Mitt Romney have.

Environmental regulations have always been an easy target

Environmental Economics

regulations) will reduce economic activity. The coincidence of these two major trends has led many to suspect that environmental regulation may be playing a major causal role in impairing the "competitiveness" of U.S. Overall, there is relatively little evidence to support the hypothesis that environmental regulations have had a large adverse effect on competitiveness, however that elusive term is defined.

Jobs and environmental regulation

Environmental Economics

The EPA came out on top with the highest ratios by far, with benefits from its regulations exceeding costs by an average of more than 10 to 1. As any economist worth his or her professional crest will tell you, regulation solves problems that markets ignore. Those who create costs pay for them — that simple idea is the logic behind the Clean Air Act and most other environmental regulations.

SCOTUS Further Weakens EPA Power to Regulate Greenhouse Gases

Green (Living) Review

Supreme Court on Monday placed further limits on the Environmental Protection Agency''s already-modest power to regulate power plant and factory emissions of greenhouse gases.

The Institute for Policy Integrity's Statement on Trump Executive Order on Regulation

Environmental Economics

From the inbox: In response to President Trump’s executive order on reducing regulation, Richard Revesz, director of the Institute for Policy Integrity at NYU School of Law, has released the following statement: -- This “one in, two out” policy is a deeply flawed and irrational approach to regulation. Judging a regulation based solely on its costs, without considering benefits, is illogical.

REGULATING FOR SUSTAINABILITY

Green (Living) Review

However, following on from a recent CIWEM conference where 87 percent of delegates supported a comprehensive review of the financial regulation of water, a presentation at Water & Environment 2010: CIWEM’s Annual Conference will address how the framework needs to develop to respond to the new challenges facing the industry, in particular to encourage long-term sustainable solutions and meet the challenge of climate change.

Eighty-percent of environmental economists surveyed think cutting EPA regulations will not benefit the U.S. economy

Environmental Economics

 And it is also why: Eighty-percent of environmental economists surveyed think cutting EPA regulations will not benefit the U.S.  In fact, most are advocates for truly free markets:  markets that fully capture all benefits and cost of production and consumption through market-based regulations. Sensible market-based regulations makes sense. Apologies to those of you who have missed me the last few weeks (hi mom!)

2017 133

The key to effective regulation is effective enforcement

Environmental Economics

Benefit-cost analysis should be used to determine whether regulations come or go

Environmental Economics

Back in November Cass Sustein considered the 2 for 1 regulation executive order ( emphasis added ): Donald Trump promises to impose, soon after his inauguration, a new requirement on federal agencies: If they want to issue a new regulation, they have to rescind two regulations that are now on the books. As presidents from Ronald Reagan to Barack Obama have recognized, the real question is whether regulations, whether new or old, are justified.

2017 109

Proposed climate regulations might not be too bad

Environmental Economics

Volkswagen executives did a benefit cost analysis of cheating U.S. environmental regulations

Environmental Economics

Reviewing previous cases of violations of environmental regulations by auto manufacturers in the U.S.

Go Support ORV Regulations at Cape Hatteras

10,000 Birds

Take a gander at Nate’s post and then click through and give a comment in support of regulating off-road vehicle use at Cape Hatteras National Seashore. Do it for the birds! Asides

"Regulation an acceptable cost for frackers"

Environmental Economics

In short, there won't be an unregulated fracking industry so the industry ought to go along with the regulators David Zetland. RECENT advances in hydraulic fracturing (fracking) technologies and techniques promise to unlock vast reserves of natural gas. Additional shale-gas supply will reduce energy costs, carbon emissions and, for many countries, dependence on foreign energy producers. via www.petroleum-economist.com.

RFF on the Issues: When a Carbon Tax Is Better than Regulation

Environmental Economics

When isn't it? Earlier this week at the Paris climate conference, President Obama said that imposing a price on carbon emissions “was a smarter way to deal with pollution than a command-and-control system.” Many experts agree that “much of the economic pain from rising energy costs could be minimized” by a revenue-neutral carbon tax.

Regulating Coal Hazards in Seward, Alaska and Beyond

Sightline Daily

In response, the Resurrection Bay Conservation Alliance, a community organization, brought the dust clouds to the attention of Alaska State regulators by supplying photos and video evidence of dust blowing off the terminal’s stockpiles, covering nearby fishing boats and neighborhoods.

Quote of the Day: Give me back my regulators dammit!

Environmental Economics

Without federal employees to set rules and quotas for the fishing season, crab fleets in Alaska are in limbo -- unsure whether they'll be able to head out in pursuit of lucrative crab that bring in millions of dollars each season. via www.cnn.com.

The best laid plans of federal regulators

Environmental Economics

The Electric Power Research Institute, which is funded by utility companies, is investigating reports of "aggressive" corrosion in scrubbers across the nation. "Our "Our findings, so far, show it's fairly widespread through the industry," said John Shingledecker, senior project manager in the research institute's fossil materials and repair program.

UK regulator publishes first Smart Grid Evaluation Framework

Green (Living) Review

The UK energy regulator Ofgem (Office of the Gas and Electricity Markets) has published the first Smart Grid Evaluation Framework, to provide energy companies with a methodology for assessing the value of new smart grid solutions. The framework has been produced for The Smart Grids Forum , established by Ofgem and DECC (Department of Energy and Climate Change) in April 2011, to provide leadership to the power industry on the implementation of smart grids.

Israel Relaxes Regulations On Medical Marijuana

Green Prophet

Israel’s recent decision to permit greater use of medical marijuana may relieve thousands suffering from chronic pain. Cannabis is known to give blessed relief from the pain of cancer.

New Antarctic Shipping Regulations Announced

Eco Friendly Daily

In order to decrease the impact such visits may have on the environment, nations which are part of the Antarctic Treaty have announced new regulations. The proposed regulations will determine the safety equipment, actual vessel design and crew training.

Daily Demand and Supply: I'm all for environmental regulations until my AC stops working and I need Freon

Environmental Economics

In 1987, the Montreal Protocol, an international treaty to address atmospheric ozone depletion, established timelines for the phasing out of Chloroflourocarbons (CFCs) and Hydrochloroflourocarbons (HCFCs).    Production and use of CFC's, the more damaging of the XCFC's was banned almost immediately-by 1996, immediate in regulatory terms--and hairdressers everywhere has to find alternatives to their Aquanet. 

"What are the Benefits and Costs of EPA’s Proposed CO2 Regulation?"

Environmental Economics

The Obama Administration’s proposed regulation of existing power-sector sources of CO2has the potential to be cost-effective, and if you accept these numbers, it can also be welfare-enhancing, if not welfare-maximizing.

UK regulator publishes first Smart Grid Evaluation Framework

Green (Living) Review

The UK energy regulator Ofgem (Office of the Gas and Electricity Markets) has published the first Smart Grid Evaluation Framework, to provide energy companies with a methodology for assessing the value of new smart grid solutions. The framework has been produced for The Smart Grids Forum , established by Ofgem and DECC (Department of Energy and Climate Change) in April 2011, to provide leadership to the power industry on the implementation of smart grids.

Environmentalists Sue New York for Easing Dairy Farm Regulations

Eccorazzi

In response to recent changes in New York dairy farm regulations, environmental groups are uniting to bring a lawsuit against the Cuomo''s administration. Read More The post Environmentalists Sue New York for Easing Dairy Farm Regulations appeared first on Ecorazzi.

Arsenic In Your Food? Consumers Push Regulation

Green Prophet

When I first thought of arsenic in my food, I remembered “Arsenic and Old Lace,” a movie from the 1940s where two old ladies nonchalantly poison their elderly suitors with a little arsenic in their elderflower tea.

EU Drops Plans to Regulate Endocrine Disruptors Under US Pressure.

Elephant Journal

For years, I've looked to Europe as a bastion of hope when it comes to resisting international pressure within the agricultural chemical arena. For example, Europe has stood strong against GMOs (genetically modified organisms) for decades.

New Waste Regulations for Scotland

Celsias

The projects are being showcased by the Scottish Government after a landmark step towards creating a zero waste society in Scotland was taken yesterday, when new Waste (Scotland) Regulations were passed by the Scottish Parliament.

Why Price Carbon—Can’t We Just Regulate It?

Sightline Daily

Most Americans—including most Republicans —want to regulate carbon pollution. Can’t we just regulate it?” Polls suggest some voters would actually prefer direct regulation. Regulating our way to a post-carbon world. Maybe regulating our way is not the best way.

House Votes To Stop EPA From Regulating Greenhouse Gases

Sustainability Ninja

The Republican-controlled House has voted to block the Environmental Protection Agency from regulating greenhouse gases that scientists say cause global warming. The 249-177 vote added the regulation ban to a sweeping spending bill that would fund the government through Sept. The restriction is opposed by the Obama administration, which is using its regulatory powers to curb greenhouse gases after global warming legislation collapsed last year.