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.

When will we stop paying the hidden fossil fuel tax?

Last week, the nation suffered from major sticker shock when we learned that our use of fossil fuels comes with a hidden price tag of $120 billion per year.  Thanks to the results of the …

Methane leakage runs up a $50 billion bill

Methane is a greenhouse gas 25 times more potent than carbon dioxide, so when it’s leaking by the ton, it’s a $50 billion problem. The New York Times described the phenomenon of methane leakage in …

Garbage in, garbage out

Economics of climate legislation deserve honest accounting

The debate over the Kerry-Boxer bill has picked up where Waxman-Markey left off: the economics of climate legislation. Perhaps empowered by the “death panel” misinformation campaign, climate bill obstructionists are reviving rumors of economic disaster …

The other half of cost-benefit

Counting the benefits of climate legislation

While reducing greenhouse gases will have costs, so will the results of climate change. That may seem obvious, but up until now the debate over climate legislation has only focused on the costs, without looking …

Flattening the U

The senator from Montana and the middle class

This morning, the Senate took its final step on climate change before its summer vacation—a hearing pulled together by Senate Finance Committee Chairman Max Baucus from Montana on how carbon allowances are allocated under the …

Small changes at EPA could have big environmental impacts

While climate change legislation works its way toward 60 votes in the Senate, President Obama’s EPA has been quietly working on some serious revisions to the guidelines it uses to conduct cost-benefit analysis.  Tweaks they …

the sun'll come out tomorrow

The three things Cass Sunstein should do on his first day

Cass Sunstein.After some minor drama, it looks like Cass Sunstein is finally on the road to confirmation for director of the Office of Information and Regulatory Affairs (OIRA) after being nominated by President Obama in …

State budget crisis could be key to climate change

If the Governors of a few key states pick up their phones in a hurry they could shrink their gaping budget shortfalls and help climate change legislation pass the Senate with one call. On Wednesday, …

Obama’s new CAFE standards keep the pressure on Congress to act

It’s an annual rite as familiar as April showers; Americans again jumped in their cars in droves this past weekend to celebrate the unofficial start of summer. It was fitting that last week President Obama …

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