Before REACH, socio-economic analysis in the "new and existing substances" regulation

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Chapter 3 in Economics and Power in EU Chemicals Policy and Regulation, 2023, pp 49-73 from Edward Elgar Publishing

Abstract: The third chapter makes the transition towards the European case of the REACH regulation. It shows how the political context led to a practice of SEA different from that of the United States at the same time, more qualitative and more inspired by multicriteria analysis than the monetization practiced in the institutionalized CBA on the other side of the Atlantic. This chapter retraces in parallel the history of impact assessments since the Treaty on European Union (1992) and the history of the regulation of chemical risks at European level since the first Directive adopted in 1967. This history shows the gradual rise in power of the CBA, the reasons for the patent failure of the regulation of chemical risks before the 2000s and the role of SEA in it, which was essentially to mediate negotiations between the Commission, Member States and the industry when differences could not be resolved otherwise.

Keywords: Economics and Finance; Environment; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
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