Economics of Environmental Regulation
Learn about the concept of a cost-benefit analysis in environmental law.
The economics of environmental regulation can impact the lawmaking process and dictate how regulations are implemented. In this lesson, you’ll learn about the concept of a cost-benefit analysis and how it’s used in environmental law.
A cost-benefit analysis weighs the costs of implementing environmental regulation against the benefits that would be reaped from the regulation. This process is done in order to find the most efficient and economical solutions for environmental problems.