Environmental Economics

Devising Comprehensive Standards, Volume II of Toward Comprehensive Standards: The Electric Power Case

Volume II is part of a three volume report that attempts lay out the social, economic, and technical requirements for a comprehensive methodology for setting industry performance standards to improve environmental quality. Comprehensive standards are intended to limit environmental damages rather than emissions as such. Volume II presents a logical framework for the economic analysis needed for a system of performance standards based on comprehensive comparisons of benefits and costs.