Why do Agencies Attempt to Value Risk Reduction in Monetary Terms?
Agencies attempt this estimation primarily due to Presidential Executive Orders that have required or encouraged the use of cost-benefit analysis in policy evaluation since the early 1980’s. Most environmental laws do not require benefit-cost analysis; indeed, some prohibit it (e.g., the air quality standards provisions of the Clean Air Act). Just one federal environmental statute (the Safe Drinking Water Act) explicitly calls for the kind of formal benefit-cost analysis we describe here. Back to top.
Related Questions
- If I recieve a reduction in value from the County Board, and I choose to appeal to the State Board for a further reduction, Do I risk losing the reduction I recieved from the County Board?
- Why do Agencies Attempt to Value Risk Reduction in Monetary Terms?
- Why do Agencies attempt to value risk reductions in dollars?
