The Hill Op-ed: Ecosystem Economics: How the Biden Administration Is Finally Giving Nature Its Due

If a tree stands in the forest, and there’s no economist around to tabulate its benefits to humans, do those benefits still exist? For government agencies, the answer has long been, “No.” But the Biden administration is poised to change that.

Last month, the Biden administration rolled out the latest piece of its comprehensive Modernizing Regulatory Review initiative: a proposed guidance on how to account for “ecosystem services” in regulatory analysis. As I explained in my comments, if implemented well, this guidance will reinforce the administration’s broader efforts to reprogram an important step in the rulemaking process known as regulatory analysis so that it provides a fairer and fuller picture of the impacts of planned rules.

Net zero, or carbon neutral, policies are changing the discussions around reducing greenhouse gas emissions. But, even with the wide adoption of the idea, questions remain. How much does the public understand about net zero? How is the policy defined, and what are its goals? Most significantly, is it addressing climate justice?

This week, the D.C. Circuit hears three cases challenging the use of federal regulations to push adoption of electric vehicles and to allow California to forge a path toward zero-emission cars. If all three cases go badly, the regulatory system would be disabled from playing a role in this area. This would be a huge setback, though there are reasons to think that it would only delay, rather than prevent, the transition to clean cars.

In three weeks, the U.S. Supreme Court starts its 2023 Term. There are two blockbuster cases on the docket. In one case, the issue is whether to overrule the Chevron case, which has been foundational to administrative law for the past four decades. In the other, the issue is agency power to sanction violations of the law. Given the Court’s conservative supermajority, there’s a real threat to the power of agencies like the U.S. Environmental Protection Agency (EPA) to issue regulations and enforce the law.

Picture a food system where the responsibility for environmental disasters related to industrial agriculture no longer falls on the shoulders of taxpayers or small-scale farmers. Instead, it places the onus exactly where it should be — on the corporations and industrial operators who are reaping massive profits from the factory farming model. The tide is turning, and it’s high time for these corporations to take responsibility for the system they've created.

In the coming years, key decisions that will greatly impact state efforts to address climate change will be made by agencies that the public often thinks very little about. Public utility commissions (PUCs) are state agencies that regulate energy markets. They set electricity prices, plan energy resource development, and oversee the utility providers within their states. For decades, these agencies have advanced an energy policy that is informed by a straightforward need to provide dependable electricity to consumers at fair rates.

When French political philosopher Alexis de Tocqueville toured the United States nearly 200 years ago, he famously marveled at the degree and diversity of the American people’s civic engagement. Through a recent, little-noticed guidance, the Biden administration is now working to further infuse this unique tradition into one of our nation’s most important governing institutions: the federal regulatory system. The White House guidance’s recommendations will be essential for empowering ordinary people to shape the policies we care about, whether it’s keeping our drinking water clean or protecting our wallets against predatory banks. Despite this, the regulatory system is not yet achieving its full democratic potential.

How would I describe the world we live in? Well, the world we live in has molded me into an activist. I am of a generation that has been required to stand up and demand our rights, as our future is uncertain. More than perhaps any time in human history, our planet and the life it supports are struggling mightily. Because not enough has been done quickly enough on these issues, youth activists must pick up the torch and push to get things done.