Stephen DeCanio faculty at the UCSB in 1978. From 1986 to '87 he was the Senior Staff Economist at the President's Council of Economic Advisors. He was also a member of the United Nations Environment Programme Economic Options Panel, which reviewed the economic aspects of the Montreal Protocol on Substances that Deplete the Ozone Layer. In 1996 he was awarded the Stratospheric Ozone Protection Award by the United States Environmental Protection Agency and in 2007 he was presented with the Leontief Prize for advancing the frontiers in economic thought by the Global Development and Environment Institute. He participated in the Intergovernmental Panel
Montreal Protocol no imminent crisis that demands unilateral regulation." And even in March 1988, Du Pont Chair Richard E. Heckert would write in a letter to the United States Senate, "we will not produce a product unless it can be made, used, handled and disposed of safely and consistent with appropriate safety, health and environmental quality criteria. At the moment, scientific evidence does not point to the need for dramatic CFC emission reductions. There is no available measure of the contribution of CFCs to any observed ozone change..." The main objective of the "Multilateral Fund for the Implementation of the Montreal Protocol"