Carbon valuation: why it matters for regulatory policy
...abatement cost (MAC) This estimates the cost of cutting one tonne of emissions. The UK government uses the MAC approach, in part because the SCC relies on highly uncertain damage...
...abatement cost (MAC) This estimates the cost of cutting one tonne of emissions. The UK government uses the MAC approach, in part because the SCC relies on highly uncertain damage...
...and indirect over time or across sectors. To be effective, the metric must be taken seriously and be used as a tool to inform and influence decision making both in...
...wellbeing in ways that are difficult to quantify but are deeply meaningful. It is also complicated where different QALY values are used in different circumstances – for example NICE uses...
...to the People’ make similar recommendations to introduce a ‘one-in, two-out’ regulatory duty on all government departments - that is for each regulation that a department wants to introduce that...
...publishes guidance and case histories, on the methodological approach to IAs. It will be important to continue to develop these to ensure environmental impacts are robustly and consistently considered. Including...
...opportunity to ensure that the UK has an approach to regulation that is as effective as possible, and promotes innovation and growth in the economy. The Better Regulation Framework is...
...using AI tools over the past few months to see how far these can help us with different aspects of our work. This post discusses where these tools can help,...
...information in comments such as addresses, phone numbers, e-mail addresses or other online contact details, which may relate to you or other individuals do not impersonate or falsely claim to...
...HMT and NAO respectively), which tended to prevent deep consideration of how best to meet policy challenges. Even within the RPC domain, some baked in separations are gradually being relaxed:...
...to introduce regulations that increase costs to business if they can clearly assure stakeholders (including business) that these costs are justified by the policy benefits, perhaps because there are significant...