Testimony on Impacts of US Environmental Protection Agency Regulations

Thu Feb 26 16:38:16 EST 2015
By Dr. Anne E. Smith

On 26 February 2015, NERA Senior Vice Presidents and Environmental Economics Co-Chairs Dr. Anne E. Smith and Dr. David Harrison each delivered testimony before the Committee on Oversight and Government Reform of the US House of Representatives on the benefits and costs of major proposed rulemakings of the US Environmental Protection Agency (EPA).

The focus of their testimony is on two major regulations that US EPA is presently proposing: the proposed Clean Power Plan (CPP) and the proposed tightening of the national ambient air quality standard (NAAQS) for ozone. EPA's own analyses indicate that both of these rules will have significant costs; Dr. Smith and Dr. Harrison find that these rules have the potential to be far more costly than EPA reports.

In Dr. Smith's testimony, she turns to the issue of what EPA has reported as the potential benefits of these proposed rules, and explains why she concludes that EPA's benefit and net benefit estimates are overstated and misleading.