In an article published on June 28, 2018, by regulatory news provider Chemical Watch, editor Emma Chynoweth reported on a project by the Organisation for Economic Co-operation and Development (OECD) on the costs and benefits of regulating chemicals worldwide. The new project will build on the OECD’s SACAME (Socio-economic Analysis of Chemicals by Allowing a better quantification and monetisation of Morbidity and Environmental impacts) project and is a collaboration of the OECD’s Joint Meeting of the Chemicals Committee and the Working Party on Chemicals, Pesticides and Biotechnology and the OECD’s Environment Policy Committee’s Working Party on Integrating Environment and Economic Policies.

The first part of the project focuses on economic valuations and will include a three-year study on “willingness-to-pay” values for different hazards, considering morbidity-related endpoints. The second part of the project is about the exchange of risk management information between different countries, including best practices.

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Emma Chynoweth (June 28, 2018). “OECD to coordinate work on economic impacts of chemicals.Chemical Watch