Discuss three (3) economic effects of your chosen policy or regulation. Next, describe the direct costs of implementation, as well as the effect the regulation has had on economic growth. If possible, find a benefits/cost analysis that will provide you with objective analyses of this regulation’s economic impact.

There are several environmental laws, regulations, and policies that currently influence your life, and they include the following:

  • NEPA
  • The Clean Air Act
  • The Clean Water Act
  • The Endangered Species Act
  • The Superfund
  • CITES
  • The Montreal Protocol
  • The Basel Convention

Choose one (1) of these environmental regulations, or another policy that interests you; then, research your chosen regulation or policy’s requirements and environmental and economic impacts.

Write a three to five (3-5) page paper in which you:

  1. Describe three (3) key elements of the regulation or policy you chose. Specifically, discuss who is affected and what actions they are required to undertake, including federal and state agencies and specific industries, and how these requirements are enforced.
  2. Assess three (3) effects this regulation or policy had on our environment. Next, quantify its effects, if possible, to analyze whether or not the regulation had the desired effect on the environment.
  3. Discuss three (3) economic effects of your chosen policy or regulation. Next, describe the direct costs of implementation, as well as the effect the regulation has had on economic growth. If possible, find a benefits/cost analysis that will provide you with objective analyses of this regulation’s economic impact.
  4. Speculate whether or not you believe that this policy or regulation has been successful overall. Next, debate whether or not your chosen policy or regulation has promoted environmental benefits or outweighed its economic costs. Lastly, determine whether you would recommend renewing this policy or regulation when it comes to its expiration date, or whether you should let the policy or regulation expire. Justify your response.
  5. Use at least three (3) quality resources / references in this assignment, in addition to the course text. Note: Wikipedia and personal blogs do not qualify as quality resources.
  6. Your assignment must follow these formatting requirements:
    • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format. Check with your professor for any additional instructions.
    • Include a cover page containing the title of the assignment, your name, your professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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