EPA's carbon rule sparks debate over cost-benefit analyses
View on GreenWire, E&E News website"Alan Krupnick, senior fellow at Resources for the Future and former senior economist on the President's Council of Economic Advisers under President Clinton, suggested that critics focusing on the increased risk of premature death under Trump's proposed power plant rule were taking a 'strictly public health perspective,' rather than looking at a cost-benefit assessment of whether the rule should go forward.
EPA in this case, he said, would look at the increased risk of death and put a dollar figure on it based on an estimate of 'value of statistical life.' Then that value, along with any other forgone benefits like reductions in emergency room visits or school absences, is compared with the cost savings of the rule to the power sector."
