In April 02023, The White House proposed major regulatory changes with huge implications for how the federal government considers the environmental impacts of new projects. The news barely made a blip in headlines.
The proposed changes concern two arcane documents called “Circular A-4” and “Circular A-94” that set recommendations for how federal agencies conduct cost-benefit analyses for social projects. Specifically, the US Office of Management and Budget (OMB) proposed lowering the discount rate from between 3% and 7% to 1.7%.
Forrest Brown
Read full article in The Long Now Foundation by Forrest Brown
