Articles by 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.
Capturing the massive social benefits of fuel efficiency requires regulation
This Friday is the deadline for public comments on the stricter vehicle efficiency standards from EPA and the Department of Transportation. The docket is likely to be overrun with statements for and against the regulation that would make cars and light trucks 30 percent more efficient in 5 years. From an economic perspective, the social […]
Make the kids pay: The economic effects of climate change on future generations
If someone offered you $100 today or an inflation-adjusted $100 in 10 years, it’s unlikely you’d choose the latter. But if taking the money now cost your child’s generation billions of dollars, that option would seem pretty miserly. The debate over the economics of climate change boils down to that very calculation: how much are […]
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 National Research Council’s report on energy and the environment, some of the extra costs of dirty energy were exposed. (Full […]
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 a recent article which raised questions about the true costs of this waste. The EPA estimates that 3 trillion cubic […]