E&E News: “White House Overhaul Paves Way for Stricter Regulations”
RFF President and CEO Richard G. Newell comments on the White House's revised method for agencies to weigh regulatory costs and benefits.
Richard Newell, president and CEO of Resources for the Future, said these changes are “in line with up-to-date economic methods and evidence.”
“And they do a much better job of handling key issues, like climate change,” he added...
Newell of RFF, an energy economist, said OMB’s painstaking process could make the document legally durable and hard for a subsequent administration to discard.
“We don't want this kind of guidance to change across administrations,” Newell said. “We don't want it to be viewed as being biased by anybody in the scientific or the economics community. I think it has taken longer than was expected, but I think it is a very solid outcome that'll stand the test of time."
