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Regulatory Impact Statements

by J. Paul Guyer, Guyer Santin Inc, United States,



Document Type: Proceeding Paper

Part of: Utilization of Ocean Waves?Wave to Energy Conversion

Abstract:

This paper suggests the issue of regulatory impacts be addressed in a manner analogous to environmental impacts, using a timely, comprehensive methodology. By 'timely' is meant the cost impacts should be evaluated before the financial go/no-go commitment is made. By 'comprehensive methodology' is meant one which identifies the players, in the regulatory process, assesses their potential for inducing time delays and cost escalation, evaluates measures to accommodate or neutralize their concerns, develops a risk/benefit assessment for the project, and then a tactical plan for proceeding with the project if the benefits outweight the risks. It also suggests the types of individuals who should participate in a regulatory impact study.

Subject Headings: Risk management | Benefit cost ratios | Project management | Urban and regional development | Social factors | Public policy | Public health and safety

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