The Hill: “White House Finalizes Guidance Expected to Result in Stricter Regulations”
RFF President and CEO Richard G. Newell provides insight into new guidance about how the US government makes regulatory decisions.
Richard Newell, president of climate think tank Resources for the Future said the move is particularly important for climate change.
“It updates the methods for regulatory analysis to be more appropriate for issues — really for all issues, but in particular issues related to climate change — and it corrects certain flaws in prior guidance that tended to undervalue the long-term benefits of taking climate action,” he said.
Newell said agencies across the federal government will now be able to give more weight to the benefits of mitigating climate change, or the risks of not doing so.
“Using an approach that’s reflected in the new guidance increases the benefit from taking climate action by over threefold,” Newell said.
