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Public Policy Analysis Of Fossil Fuels

1439 Words6 Pages

Fossil fuels have played a pivotal role in the development of society since the time of the Industrial Revolution. As a result, our dependency upon fossil fuels has not only improved our way of life, but also risen questions regarding our use of these energy sources and their adverse impacts on the environment. Given the results of scientific studies and the knowledge gained from them over the past several decades, society itself has done very little to move forward as a whole to push for cleaner and less destructive ways to produce energy. Despite the results of many models projecting the supply of fossil fuels running out anywhere between 2050 and 2100, capitalist economies continue to exploit and surpass the limits of reasonable use of oil, coal, and natural gas. This paper will not only discuss a relevant article by Merrill Singer and my position arguing …show more content…

Guess and Paul G. Farnham discuss cost-benefit analysis in their book Cases in Public Policy Analysis. Cost-benefit analysis is a policy tool that aims to “place a dollar value on the outcomes of a program or intervention” (Guess 315). This policy tool also compares to cost-effectiveness analysis that looks at the benefits gained. Combined, the two tools show whether or not a policy or program would benefit society as a whole and make use of resources effectively. Efficiency in regards to cost-benefit analysis has been criticized as an issue dealing with income discrepancies is suggested to be irrelevant in the process; however, with existing policies, goods can be easily accessible for those with lower incomes. Also considered with cost-benefit analysis, the issue of “standing” can bias decision if other parties are not considered in calculation and affect financing. Cost-benefit analysis also attempts to calculate a “with or without” situation regarding a program and its effects in relation to either decision. This measures the values associated with program

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