Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.Donate
Over the past 25 years, Europe and the United States have introduced extensive
legislation aimed at protecting the environment. Now both regions realize they need a new approach to environmental control, so decision makers on both sides of the Atlantic are considering analytical tools such as risk assessment and cost-benefit analysis in environmental policy making. This report explores the need for risk assessment (a hotly debated area), risk prioritization, and cost-benefit analysis in reforming existing environmental laws and formulating new ones. A case study on Europe’s Auto-Oil Programme provides contrasting views about the effectiveness of the tools.