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OMB: EPA policies reap economic benefits

28 Jun 2011  |   Emma Brown

Tags: Clean Air, Administration, General Environment

The economic benefits of EPA standards issued over the course of the last decade— most notably those aimed at reducing harmful air pollution—greatly outweigh the costs, a recent report by the Office of Management and Budget found. 

The review—which is part of a larger report on federal regulations destined for Congress—analyzed the 32 major rules issued by the EPA between 2001-2010 for cost-effectiveness. The report found:

  • Over the last decade the cumulative cost of implementing the 32 major rules amounted to $23 billion to $29 billion each year, yet they reaped between $82 billion and $551 billion annually in benefits.
  • The Clean Air Fine Particle Implementation Rule alone is especially lucrative with benefits ranging from $19 billion to $167 billion per year.
  • New 2010 sulfur dioxide emissions standards will reap an estimated annual $11 billion to $61 billion in benefits, while only costing $2 billion to $4 billion each year to implement.

The release of the report comes shortly after testimony by Nancy Stoner, the EPA’s assistant administrator for water policy, before Congress Friday in which the agency asserted that establishing specific water-nutrient guidelines would be economically beneficial for many businesses. 

Read the full report here.



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