EPA Revises Regulatory Reviews To Discount Long-Term Benefits

EPA science advisers are recommending a revised regulatory review process that would discount the long-term benefits of environmental controls in a way that would emphasize the projected costs of future regulations. The new approach, which expands on a preliminary analysis included in EPA's nonroad diesel rule released in May, will be used to assess controls on particulates in the agency's upcoming interstate air quality standard, and will eventually be adopted for all EPA air standards, a key agency air economist...