Economics is largely just organized common sense, and it doesn’t get much more common sense than benefit-cost analysis. Want to decide whether to buy that apple, make that investment or pass that clean air rule? Tally up the benefits. Tally up the costs. If benefits outweigh costs, do it.
Posts Tagged ‘ economy ’
A new report by Environment Connecticut Research & Policy Center released today in front of the solar array atop Middletown-based Center Point Office Park, highlights the role that clean energy and environmental policies have played in moving states toward meeting targets for reducing global warming emissions, while challenging claims that actions that reduce emissions undermine economic growth.
An economic analysis done for 11 northeast and mid-Atlantic states shows that a clean fuels standard (CFS) is a winning idea for the region. It could save consumers in the region billions, bring in billions more in revenue for these states, and create up to 50,000 jobs per year – dramatically increasing the region’s self-sufficiency.
Unaccountable spending is undermining America’s long-term strategic priorities and the nation’s infrastructure is crumbling. Failure to reform the transportation system risks deepening the United States’ dependence on oil, eroding economic competitiveness, and increasing climate disruption. Waiting to make real improvements only drives up future costs, whereas responsible policies can improve transportation and reduce the national deficit today.
Even if it wasn’t Philip Armetta behind the recently revealed plans to build construction-debris recycling plants and ash landfills in Lisbon and Middletown, the venture might raise eyebrows given the fragile economy and general perceptions about such dumps.
A study of agriculture in Connecticut found that the industry provides $3.5 billion a year in sales — an output that translates to $1,000 per Connecticut resident. The industry also generates 20,000 jobs statewide, two-thirds of which are from farming alone.
Additionally, the industry contributes about $1.7 billion in ‘value added,’ which is the difference between the value of output and the cost of raw materials — the money left in the hands of residents and business taxes, both of which stay in Connecticut.