E&E News: "Meet Richard Revesz, Biden’s Choice for Rules Czar"
RFF Senior Fellow Richard Morgenstern reflects on the importance of benefit-cost analysis in regulatory decisionmaking.
Dick Morgenstern, a former senior EPA official who is now a senior fellow at Resources for the Future, said agencies like EPA had made progress recently in how they measure inequality. But when it comes to translating that data into policy options, he said, EPA is still “nibbling around the edges.”
“Asking tough questions is going to be Ricky’s strength,” said Morgenstern, who serves on IPI’s advisory panel. “When [regulatory impacts analyses] come in from EPA or any other agency and they’re lacking in more favorable options, Ricky is the kind of guy who can dig deep and say, ‘Well, how about this other idea?’
“He’s a very innovative guy, and I don’t think he’s reluctant to get involved in detail,” Morgenstern said. “Some administrators are kind of standoffish and see themselves as the CEO. I think he would probably have a more hands-on kind of view. That’s just who he is.”
Testimony and Public Comments — Nov 21, 2022
Calculating Life-Cycle Emissions from Electricity Consumption
To the Department of Energy on the Clean Hydrogen Production Standard.
Issue Brief — Nov 21, 2022
The Shadow Price of Capital: Accounting for Capital Displacement in Benefit–Cost Analysis
This issue brief explains why the discounting sensitivity case using a 7 percent investment rate of return is generally incorrect and can yield extremely misleading estimates of the costs and benefits of policies with long-lived impacts.
Testimony and Public Comments — Nov 4, 2022
Considerations for Transferability of Tax Credits Under the Inflation Reduction Act
To the Department of the Treasury on the transferability of tax credits under the Inflation Reduction Act.