The authors wish to thank the World Bank for financial support and accesses to information sources. For many helpful comments and suggestions, the authors are also grateful to Nicholas Treich and other conferees at the European Society for Benefit-Cost Analysis first annual meeting at the...

This title reviews and synthesizes the research on economic methods for evaluating regulations that improve air quality, save energy, and reduce climate risks. It also offers perspective on the relevance and limitations of current research for applied benefit-cost analysis.