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Calculating Compensatory Restoration in Natural Resource Damage Assessments: Recent Experience in California
Natural resource damage assessment (NRDA) is the process of quantifying monetary damages for injuries to wildlife, habitat, and the services they provide, in the event of an oil spill or other pollution event. One economic method, Resource Equivalency Analysis (REA), has become the predominant tool used for calculating these damages. It may be employed to calculate damages to both habitat and/or individual animal species. It has been used nationwide in a wide range of cases involving a wide array of habitat types and animal species. This paper provides a conceptual overview of REA, a review of the use of this method in California, and a discussion of some of the practical and theoretical issues facing the application of REA.
Calculating Compensatory Restoration in Natural Resource Damage Assessments: Recent Experience in California
Natural resource damage assessment (NRDA) is the process of quantifying monetary damages for injuries to wildlife, habitat, and the services they provide, in the event of an oil spill or other pollution event. One economic method, Resource Equivalency Analysis (REA), has become the predominant tool used for calculating these damages. It may be employed to calculate damages to both habitat and/or individual animal species. It has been used nationwide in a wide range of cases involving a wide array of habitat types and animal species. This paper provides a conceptual overview of REA, a review of the use of this method in California, and a discussion of some of the practical and theoretical issues facing the application of REA.
Calculating Compensatory Restoration in Natural Resource Damage Assessments: Recent Experience in California
Hampton, Steve (Autor:in) / Zafonte, Matthew (Autor:in)
California and the World Ocean 2002 ; 2002 ; Santa Barbara, California, United States
California and the World Ocean '02 ; 833-844
16.03.2005
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
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