Michael A. Livermore

Michael A. Livermore is the executive director of the Institute for Policy Integrity at New York University School of Law. He is the author, with Richard L. Revesz, of Retaking Rationality: How Cost-Benefit Analysis Can Better Protect the Environmental and Our Health.

keeping score

Will the EPA score the true costs AND benefits of the climate bill?

This afternoon, the EPA is said to be sending its economic analysis of the climate bill proposed by Kerry and Lieberman to the Senators’ offices. It’s a scoring of how the legislation would affect the American economy. Hopefully that analysis will include the benefits, not just the costs of the measure. The agency has not incorporated benefits into its past economic analysis of climate legislation. Usually it looks exclusively at the price tag, giving legislators nervously poised to vote on the controversial proposal a clear view of the downsides but none of the upshots. It’s like telling someone in the …

Google climate change chief wants price on carbon

Dan Reicher, Google’s director of climate changePhoto: Steve Rhodes via FlickrGoogle wants a price on carbon and wants it now — both for lofty reasons like combating global warming, but also because it could be good for business.  As the Senate inches closer to climate legislation that could give the Internet giant what it wants, I checked in with Dan Reicher, the director of climate change and energy initiatives at Google to see what surfing the web had to do with reining in greenhouse gases.  Turns out, the answer is technology. Reicher — a former Department of Energy assistant secretary …

The EPA weighs the hidden costs of carbon

This week, the Environmental Protection Agency will do more than set new fuel efficiency standards for cars. It will put a price on carbon. Within this historic climate change regulation is a powerful new way of thinking about greenhouse gas emissions: as costs that will borne by society. Burning oil in cars imposes a steep price tag, from dirtier air now, to more expensive flood insurance in a decade, to potential climate catastrophe for our grandchildren. The federal government has taken note of these hidden costs and is now using them to weigh the benefits of curbing our emissions. It’s …

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