InsideEPA: "OMB's Draft Cost-Benefit Guide Likely to Bolster Climate Mitigation Rules"
Billy Pizer, RFF's Vice President for Research and Policy Engagement, provides insights on the Office of Management and Budget's new proposed guidance.
As part of those changes, OMB proposes a major shift in how federal agencies account for the effects of rules on capital investment, replacing its existing reliance on a 7 percent discount rate that has the effect of essentially ignoring benefits of GHG controls when they occur far in the future, Resources for the Future (RFF) economist Billy Pizer tells Inside EPA’s Climate Extra.
More broadly, Pizer calls the proposed guidance -- which also includes new approaches to equity and distributional effects of regulations -- “the biggest proposed change I have observed since we started requiring cost-benefit analysis in the 1960s.”
[Read the article for more of Pizer's insights.]
Resources Radio — Oct 3, 2023
Cutting the Queue and Emissions in the US Power Sector, with Will Gorman
Will Gorman discusses the interconnection queue (the waiting list for developers that hope to connect power plants to the US electric grid), the reasons for recent growth in wait times, and reforms that could speed up the queue.
Common Resources — Sep 28, 2023
Designing Climate Policy for the Electricity Sector
Recent federal policy incentivizes low-carbon electricity generation. This conversation shares insights from experts about additional policy approaches that can help decarbonize the electricity sector while addressing environmental justice.
Issue Brief — Sep 27, 2023
45V Hydrogen Tax Credit in the Inflation Reduction Act: The Role of New Clean Electricity
The fourth and final piece of a series exploring the implementation of the Inflation Reduction Act's 45V hydrogen tax credit, this issue brief considers two studies that assume all generation built in response to new demand is clean.