A Brief Overview of Carbon Sequestration Economics and Policy

This article provides an overview of the issues and challenges involved in analyzing the costs and program design for carbon sequestration. The first section examines some of the pitfalls of comparing the results of carbon sequestration cost studies and suggests some simple ways in which analysts could make their results more useful. The pitfalls in comparing studies include different definitions for the summary statistic dollars per ton, differences in the type of costs that are estimated, and differences in underlying assumptions regarding program design and implementation. Future cost studies will benefit from improved treatment of leakage, general equilibrium interactions, and public finance interactions. The second section reviews issues related to the implementation of a carbon sequestration program, including which policy tools are available and which have received the most attention, some of the challenges for using those policy tools, and one alternative that has received little attention, but may become necessary. The discussion also provides an overview and analysis of the bills introduced in the last two congresses and considers the general policy implications of those proposals.     

Modeling Long-Term Risk to Environmental and Human Systems at the Hanford Nuclear Reservation: Scope and Findings from the Initial Model

The Groundwater Protection Project at the US Department of Energy Hanford Site in Washington State is currently developing the means to assess the cumulative impact to human and ecological health and the regional economy and cultures from radioactive and chemical waste that will remain at the Hanford Site after the site closes. This integrated system is known as the System Assessment Capability (SAC). The SAC Risk/Impact Module discussed in the article uses media- and time-specific concentrations of contaminants estimated by the transport models of the integrated system to project potential impacts on the ecology of the Columbia River corridor, the health of persons who might live in or use the corridor or the upland Hanford environment, the local economy, and cultural resources. Preliminary Monte Carlo realizations from the SAC modeling system demonstrate the feasibility of large-scale uncertainty analysis of the complex relationships in the environmental transport of contaminants on the one hand and ecological, human, cultural, and economic risk on the other. Initial impact results show very small long-term risks for the 10 radionuclides and chemicals evaluated. The analysis also helps determine science priorities to reduce uncertainty and suggests what actions matter to reduce risks.     

Health cost of a nuclear waste repository,WIPP

The Waste Isolation Pilot Plant (WIPP), the United States of America's first nuclear waste dumping site, has over the years generated a great deal of concern and controversy. The most sensitive aspect of this project is that it may impose serious health risks on future generations. The first leg of this project is about to be completed and at the time of writing the Department of Energy is planning to perform experiments with a small quantity of waste for operational demonstrations. If everything goes well, then towards the end of this decade large quantities of wastes will be transported to the site for disposal. This article reconsiders the health cost of this project from an economic perspective in light of recent developments in the field of social discounting. As in earlier studies, two cases of health risks are considered: total cancer and genetic deformity over a one million year cutoff period. The analysis shows that whereas ordinary discounting method wipes out the future health detriments, expressed in monetary terms, the modified discounting criterion retains a substantial proportion of such costs in economic analysis.     

西方灾害经济学模型述评

对西方灾害经济学研究应用的模型技术进行了概略的综述,包括投入产出和线性规划相结合的模型、投入产出和生产函数相结合的模型、一般均衡模型、系统动力学模型以及社会核算矩阵模型五种,并对这些模型的优缺点进行了简要的评析．     

An economic analysis of different types of formal and informal entrepreneurs, recovering urban solid waste in Bangalore (India)

The recycling sector in India, which consists of a comprehensive trade and production sector, is rather complex. Nevertheless, it creates important benefits for both the economy and the environment. In order to comprehend the system, a case study has been performed on the recycling sector (paper, plastic, glass and non-ferrous metal) in Bangalore (India), focussing on the market structure, the scale of operation, employment effects, constraints, and recent developments. It was found that this highly competitive and labour-intensive industry is largely dependent on cheap labour and the supply of solid waste from the local trade system. Its mostly informal nature results from the ‘unregisteredness’ of the materials. Consequently, government involvement is avoided as much as possible. With present growth rates, prospects of recycling in Bangalore are advancing. Yet, problems such as lack of supply and loss of quality emerge. Therefore, quality control and market conditions should be improved.     

A proposed formal structure for assessing bear-human encounters

A formal model for the interaction of bear and hiker populations in national parks is developed. A number of alternative interactive scenarios are identified and some specific cases explored in detail. Some examples of the insights to be gained by the use of such a formal structure by park managers charged with the dual mandate of preservation of fauna and provision of safe recreational opportunities are presented. The entire problem is then discussed within the context of the more general tragedy of the commons problem.     

Farm-level irrigation and the marginal cost of water use: evidence from Georgia

We create a proxy for the cost of irrigation water in Georgia from a sample of Georgia irrigators by investigating the marginal cost of pumping groundwater. We then combine this proxy with agronomic and climatic variables to estimate the response of agricultural water use to differences in the marginal cost of irrigation. The results show that pumping costs are a significant determinant of water use, and imply that agricultural water use would be moderately affected by institutional changes that would explicitly price water.     

Analysis of good practices,barriers and drivers for ELTs pyrolysis industrial application

Boosting of eco-innovative solutions for End of Life Tyres (ELTs) management, under the principles of the EU Resource Efficiency Roadmap and the Waste Framework Directive, can not only diminish the environmental hazards and the consequent societal cost, but also result to the establishment of a novel perception regarding ELTs; thus, a valuable stock of resources that can be exploited. Despite the extensive scientific research of the previous years on ELTs depolymerisation via pyrolysis highlighting its eco-innovative characteristics, the use of pyrolysis to process scrap tyres has not yet achieved a broad commercial success, with economic viability and product standardization to constitute the primary impediments. More specifically, pyrolysis was not applied to an extensive industrial scale so far, due to deficient market analysis, legislative barriers, economic instability and sometimes public acceptance. All the above issues are addressed by the present study. Modifications on current EU legislation can prevent or reduce delays or derailment of efforts on pyrolysis, through its differentiation from incineration. The attainment of economic viability could be realized through the valorization of the pyrolytic char towards activated carbon production for environmental depollution applications; needless to say, the penetration on niche and well-organised markets is more than essential.     

The value of mineral resources: Perspectives and conflicts

The concept of value is central to mineral economics as it is all branches of economics. In the minerals sphere particular problems are posed for a theory of value by, firstly, the non- renewability of mineral resources, secondly the substantial effort that must be made to convert a mineral into a useful product, and finally the perception of minerals, both economically and symbolically, as peculiarly national forms of wealth. Some thoughts are offered on different approaches to mineral resource valuation and on the frequently conflicting principles of exploitation to which these various approaches give rise.