Full Title: Economic Impacts of a 65 ppb National Ambient Air Quality Standard for Ozone: Updated Estimates
Author(s): Nera Economic Consulting
Publisher(s): Nera Economic Consulting
Publication Date: August 1, 2015
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Description (excerpt):
NERA Economic Consulting’s latest update (August 2015 Update) to its economic impact analysis of EPA’s proposed ozone rule reiterates what past analyses and manufacturers have consistently concluded—a strict new ozone rule would be more economically damaging than any single regulation in U.S. history.
In its August 2015 Update, NERA leveraged detailed work it provided on behalf of the Texas Council on Environmental Quality (TCEQ)—the regulatory agency charged with implementing this and previous ozone standards—to update its analysis for the other 47 states. NERA’s methodology for assessing economic impacts is the same as it was in its February 2015 report and July 2014 report (assessing a 60 parts per billion standard). Like the previous reports, this latest update reflects the most comprehensive and realistic assessment of economic impacts of EPA’s proposed ozone rule performed to date. And like previous reports, the conclusions are that a new ozone rule would have harmful consequences for U.S. manufacturers, employment, household costs, and the economy as a whole.