![]() ![]() All chapters undergo an external peer review prior to finalization, either through the EPA’s Science Advisory Board Environmental Economics Advisory Committee (SAB-EEAC) or through independent reviews by external experts.Ĭhapters 1-8, 11 and Appendix A and B – Reviewed by SAB-EEAC. How were the Guidelines Produced?ĭevelopment of the Guidelines is led by the EPA's National Center for Environmental Economics (NCEE) in consultation with economists from across the Agency. However, the Guidelines may also be useful for those teaching courses on benefit cost analysis or environmental economics. The main audiences for the Guidelines are those performing or using economic analysis, including policy makers, the Agency's Program and Regional Offices, and contractors providing economic reports to the EPA. Presenting the results of economic analysis, including non-monetary information.Locating available data sources for conducting economic analyses.Assessing and describing who pays the costs and receives the benefits of regulations.Discounting and comparing differences in the timing of benefits, costs, and impacts.Defining baseline conditions (i.e., contrasting the state of the economy and environment with and without a proposed regulatory policy).Estimating the value of reduced health risks and improved environment quality.The Guidelines address major analytical issues on key topics, including: What topics are covered in the Guidelines? EPA will use the Guidelines to evaluate the economic consequences of its regulations and policies to insure that they contribute to a safe environment and a healthy economy. The Guidelines serve several important functions: (1) they assist policy makers in developing regulations that achieve the highest environmental quality and human health standards at the lowest costs (2) provide analysts with information needed to prepare high quality economic analyses (3) develop an overarching framework for economic analyses throughout the Agency and across EPA Program Offices and (4) ensure that important subjects such as uncertainty, timing, and valuation of costs and benefits, are treated consistently in all economic analyses at EPA. ![]() The Guidelines provide guidance on analyzing the benefits, costs, and economic impacts of regulations and policies, including assessing the distribution of costs and benefits among various segments of the population. They incorporate recent advances in theoretical and applied work in the field of environmental economics. Find further information on the Guidelines.ĮPA's Guidelines for Preparing Economic Analyses establish a sound scientific framework for performing economic analyses of environmental regulations and policies.How will future updates to the Guidelines be incorporated?.What topics are covered in the Guidelines?. ![]()
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