The effects of weather and changes in the global climate on agricultural output is well documented. Recent research by CEEP’s faculty and students shows that other sectors in both developing and developed countries are also very much influenced by weather, including overall GDP, crime, conflict, and various educational outcomes such as student test scores.
The Environmental Protection Agency continuously conducts benefit-cost analyses to examine whether lower pollution standards result in health benefits that outweigh the cost of such regulations. The largest of the measured benefits is generally attributable to human mortality and morbidity impacts, often surpassing 80% of overall benefits. CEEP affiliates have conducted several studies to measures these effects. For example, in late 2018, there was a push to relax radiation limits and there is an ongoing discussion whether doing so will result in health costs.
Policy makers are increasingly testing innovative ways for regulating pollution—over the past decade, market-based environmental regulations have become a leading option. CEEP affiliates examine the role of these policies and whether they shift the pollution burden on various socio-economic groups.
The property of any country is bound to the health of its natural environment. National economies are closely entwined with the forests, aquifers, coastlines and oceans, bugs and birds, and teaming life above and below the earth's surface. Though not widely understood or appreciated, nature's contribution to economic success is enormous.