Economics of the Clean Air Act Analytical Essay by Master Researcher

Economics of the Clean Air Act
An analysis of the economic costs of the Supreme Court's Clean Air Act.
# 36227 | 1,150 words | 7 sources | MLA | 2002 | US
Published on Sep 25, 2003 in Business (Law) , Environmental Studies (Air Pollution) , Economics (General)


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Description:

This paper analyzes the Clean Air Act judgment by the Supreme Court and considers the economics of the case. The paper provides a benefit-cost analysis and discusses how the justices in making their ruling considered the economic costs not only as an individual asset but also as economic efficiency. The paper notes that while the industry is worried that the Clean Air Act will increase costs for them, the Supreme court considered the long term costs and the overall economics of the ruling.

From the Paper:

"In 1970, Congress determined that the nation's air had become so polluted that drastic steps had to be taken. The bill it enacted required the Environmental Protection Agency, the EPA, to set standards, quote, "requisite to protect the public health within an adequate margin of safety." Standards were to be set for each air particulate to establish how much of each substance--say ozone, for example--could be in the air without posing a risk to public health, and the standards were to be revised every five years to ensure that they comported with the latest scientific knowledge.
"Industry, to be blunt, hated the law and fought unsuccessfully to have it changed in Congress. In court as well, it battled against the law for decades, also without success until two years ago when an amazing thing happened. For the first time since 1935, a US court, a federal appeals court in Washington, struck down a federal regulation--in this case the air quality standards--because, it said, `Congress in enacting the clean air law had provided so little specific guidance for the agency to use in setting the standards that it amounted to an unlimited and unconstitutional delegation of power to the EPA.'"

Cite this Analytical Essay:

APA Format

Economics of the Clean Air Act (2003, September 25) Retrieved February 06, 2023, from https://www.academon.com/analytical-essay/economics-of-the-clean-air-act-36227/

MLA Format

"Economics of the Clean Air Act" 25 September 2003. Web. 06 February. 2023. <https://www.academon.com/analytical-essay/economics-of-the-clean-air-act-36227/>

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