The Environmental Protection Agency (EPA) on July 7 rescinded a Trump-era EPA rule which required the agency to conduct benefit-cost analysis of any significant new air pollution rules.
While it was in effect, the rescinded benefit-cost analysis rule required the EPA to identify the specific problem a new air pollution regulation addresses, explain why market alternatives cannot solve that problem and distinguish between direct and indirect health benefits that an air pollution emission is expected to generate. The Biden EPA will be able to more freely pursue its regulatory agenda against fossil fuels using the Clean Air Act after issuing a final rescission of the benefit-cost rule.
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