Reports & Papers

The United States and United Kingdom have longstanding traditions in use of environmental benefit-cost analysis (E-BCA). While there are similarities between how E-BCA is utilized, there are significant differences too, many of which mirror ongoing debates and recent developments in the literature on environmental and natural resource economics. We review the use of E-BCA in both countries across three themes: (a) the role of long-term discounting; (b) the estimation and use of carbon valuation; and, (c) the estimation and use of the value of a statistical life. 

This paper considers the treatment of co-benefits in benefit-cost analysis of federal air quality regulations. Using a comprehensive data set on all major Clean Air Act rules issued by the Environmental Protection Agency over the period 1997–2019, the authors show that (1) co-benefits make up a significant share of the monetized benefits; (2) among the categories of co-benefits, those associated with reductions in fine particulate matter are the most significant; and (3) co-benefits have been pivotal to the quantified net benefit calculation in nearly half of cases.

The authors provide a set of summaries of key findings and recommendations for six reports on the U.S. COVID-19 Response.

Epidemiological modeling is an important but under-supported field of science that lacks a clear home among the federal science-funding agencies. Additional basic research and translational work in the field is needed between pandemics, and greater operational capabilities are needed during epidemics. The authors of this report have identified here a series of actions that can strengthen modeling efforts and their operationalization, to make the country better prepared for the next pandemic.

The United States has failed to deploy adequate testing for the presence of the coronavirus SARS-CoV-2 during the Covid-19 pandemic and has been unable to avoid continued spread of the virus. In this report, the authors explain why such testing is an essential factor in efforts to control the pandemic, why adequate testing has been difficult to achieve, and why the United States has not met the challenge. They conclude by recommending ways to provide more extensive testing in this and future epidemics.

Despite the far-reaching effects of the current pandemic,  the essential nature of world politics will not be transformed. The territorial state will remain the basic building-block of international affairs, nationalism will remain a powerful political force, and the major powers will continue to compete for influence in myriad ways. Global institutions, transnational networks, and assorted non-state actors will still play important roles, of course, but the present crisis will not produce a dramatic and enduring increase in global governance or significantly higher levels of international cooperation. In short, the post-COVID-19 world will be less open, less free, less prosperous, and more competitive than the world many people expected to emerge only a few years ago.

In this report, the authors conduct a benchmarking analysis for energy and CO2 emissions intensity of the steel industry among the largest steel-producing countries.

Cement production is one of the most energy-intensive and highest carbon dioxide (CO2) emitting manufacturing processes. The goal of this study is to develop a roadmap for decarbonization of California's cement and concrete production. In this study, the authors look at the current status of cement and concrete production in California and develop scenarios up to 2040 to analyze different decarbonization levers that can help to reduce CO2 emissions of cement and concrete production in California.

This paper evaluates factors affecting the potential to transition over time to more efficient longrun climate policies, including the sequence of policies to be adopted. By considering these factors, policymakers can increase the likelihood that more efficient policies emerge from the current suite of less-efficient measures being pursued by some national and sub-national governments. The authors focus on the state of Oregon, which is currently contemplating the adoption of a greenhouse-gas cap-and-trade system.