Since 1972, the US has spent more than $1 trillion on the Clean Water Act (possibly as high as $2.5tr). That is more than $100 per person per year Was it worth it? New study suggests it possibly wasn't https://academic.oup.com/qje/article-abstract/134/1/349/5092609 …
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But cost was also $100/person/year Benefits? One established way: homes near rivers become worth more, capturing all willingness to pay for environmental improvements in area Estimate impact on all home values 25 miles downstream of a CWA grant over 30yrs: Each $ delivers ¢24pic.twitter.com/yCVNUDruQk
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Yes, there are other, unmeasured benefits, but they have to be more than 3 times as large to make the Clean Water Act just break evenpic.twitter.com/BqWMxB23zN
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So, it is plausible that the Clean Water Act has cost more than benefits, and it is very likely that the benefits do not vastly outweigh costspic.twitter.com/CN6CIX198u
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Finally, Clean Water Act cost *more* than Clean Air Act Despite Clean Air Act saving 100,000+ lives every year Whereas Clean Water Act saves almost nonehttps://www.pnas.org/content/115/2/290 …
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