Normalised insurance losses from Australian natural disasters: 1966–2017

ABSTRACT

The paper updates normalisation of the Insurance Council of Australia’s Disaster List in the light of debate about the contribution of global warming to the rising cost of natural disasters. Normalisation estimates losses from historical events in a common year, here ‘season’ 2017 defined as the 12-month period from 1 July 2017. The number and nominal cost of new residential dwellings are key normalising factors and post-1974 improvements in construction standards in tropical cyclone-prone parts of the country are explicitly allowed for. 94% of the normalised losses arise from weather-related perils – bushfires, tropical cyclones, floods and severe storms – with the 1999 Sydney hailstorm the most costly single event (AUD5.6 billion). When aggregated by season, there is no trend in normalised losses from weather-related perils; in other words, after we normalise for changes we know to have taken place, no residual signal remains to be explained by changes in the occurrence of extreme weather events, regardless of cause. In sum, the rising cost of natural disasters is being driven by where and how we chose to live and with more people living in vulnerable locations with more to lose, natural disasters remain an important problem irrespective of a warming climate.     

Costs of expanding the network of protected areas as a response to climate change in the Cape Floristic Region

The expansion of protected areas is a critical component of strategies to promote the continued existence of biodiversity (i.e., life at all levels of biological organization) as climate changes, but scientific, social, and economic uncertainties associated with climate change are some of the major obstacles preventing such expansion. New models of climate change and species distribution and new methods of conservation planning now make it possible to explore the uncertainties associated with climate changes and species responses. Yet few reliable estimates of the costs of expanding protected areas and methods for determining these costs exist, largely because of the many (and uncertain) determinants of these costs. We developed a cost-accounting model to estimate the range in costs of various options for expanding protected areas and to explore the variables that drive these costs. Model development was informed by an existing plan to expand protected areas in the Cape Floristic Region of South Africa to address species conservation under a scenario of climate change. The 50-year present value of total costs varied from US$260 million ($1077/ha) for an off-reserve option that involves agreements with landowners and no compensation of forgone production and associated revenue to $1020 million ($4228/ha) for an on-reserve option that involves land acquisition and protection. The costs of acquiring land or compensating landowners for forgone production and development opportunities were the major drivers of the total costs across all options because most of the area identified in the protected-area expansion plan consisted of urban and high-quality agricultural lands. Total costs were also affected by changes in protected area extent and discount rate. Model-generated outputs such as these may be useful for informing implementation strategies and the allocation of future efforts in monitoring, data collection, and model development.     

Do EPA regulations affect labor demand? Evidence from the pulp and paper industry

Any opinions and conclusions expressed herein are those of the author(s) and do not necessarily represent the views of the U.S. Census Bureau or the U.S. Environmental Protection Agency. All results have been reviewed to ensure that no confidential information is disclosed. We thank Wang Jin and Shital Sharma for excellent research assistance; we also thank Jim Davis at the Boston Research Data Center for his continued help, and Reed Walker and participants at the 2011 AERE Summer Conference and the Environmental Economics seminar at Harvard University?s Kennedy School for helpful comments. Any remaining errors are ours.     

The price of innovation: An analysis of the marginal cost of green buildings

Energy efficiency plays an important role in reducing the carbon externality from buildings, but economic analyses of more efficient, green building have thus far ignored input costs. This paper finds that the average marginal cost of green-labeled construction projects is smaller than the value premiums documented in the literature. However, design fees, representing just a fraction of development costs but paid largely up-front, are significantly higher for green construction projects. These projects also take longer to complete. The results provide some insight into the market barriers and market failures that may explain the relatively slow adoption of otherwise economically rational green construction practices.     

Solid Waste Treatment as a High-Priority and Low- Cost Alternative for Greenhouse Gas Mitigation

The increased concern about environmental problems caused by inadequate waste management, as well as the concern about global warming, promotes actions toward a sustainable management of the organic fraction of the waste. Landfills, the most common means to dispose of municipal solid waste (MSW), lead to the conversion of the organic waste to biogas, containing about 50% methane, a very active greenhouse gas (GHG). One unit of methane has a global warming potential of 21 computed for a 100-year horizon or 56 computed for 20 years. The waste sector in Israel contributes 13% of total greenhouse gases (GHG) emissions for a time horizon of 100 years (for a time horizon of 20 years, the waste sector contribution equals to more than 25% of total GHG emissions). The ultimate goal is to minimize the amount of methane (CH₄) by converting it to CO₂. This can be achieved by physicochemical means (e.g., landfill gas flare, incineration) or by biological processes (e.g., composting, anaerobic digestion). Since the waste in Israel has a high organic material content, it was found that the most cost-effective means to treat the degradable organic components is by aerobic composting (investment of less than US$ 10 to reduce emission of one ton CO₂ equivalent per year). Another benefit of this technology is the ability to implement it within a short period. The suggested approach, which should be implemented especially in developing countries, could reduce a significant amount of GHG at relatively low cost and short time. The development of a national policy for proper waste treatment can be a significant means to abate GHG emissions in the short term, enabling a gain in time to develop other means for the long run. In addition, the use of CO₂ quotas will credit the waste sector and will promote profitable proper waste management.     

WILD RIVERS - METHODS FOR EVALUATION1

ABSTRACT: Two analytical methods are presented and demonstrated for evaluating the monetary and nonmonetary benefits of wild rivers. In the traditional benefit-cost context special techniques are required to show that any wild river is worthy of preservation. The methods presented allow for the possibility of low development levels in river basins to be optimal, although advanced development can also be shown to be most efficient in some circumstances. That is, the methods are not directed to the wild condition only but to the entire spectrum of development possibilities. The applications of the methods to two adjacent subbasins in the State of Washington each showed that the currently undeveloped basin should be left in its wild condition, while the partially developed basin next door should be developed even more fully.     

ENERGY LOSS AND REPLACEMENT COST OF NAVIGATION OF THE SNAKE-COLUMBIA RIVERS1

ABSTRACT: A competitive relationship exists between power production and navigation in the allocation of water resources along the Snake-Columbia River Complex. This report identifies the energy losses within the power system and the replacement costs of water diversion which resulted from commercial and recreational navigation of the Complex over the period 1975–1977.     

提高城市污水处理工程项目控制水平

本文根据城市污水处理工程的特点,提出从设计、施工、调试三个方面对项目的费用、进度和质量进行控制的方法和建议。     

Economic amenity values of wildlife: Six case studies in Pennsylvania

The travel clost method (TCM) and contingent valuation method (CVM) were used to evaluate the economic value of six different ecotourism activities involving observation of wildlife in Pennsylvania. The six activities were: catch-and-release trout fishing; catch-and-release trout fishing with fly-fishing equipment; viewing waterfowl; watching elk; observing migration flights of raptors; and seeing live wildlife in an environmental education setting. TCM results provided significant statistical relationships between level of use and travel costs for the two types of trout fishing activities. CVM provided estimates of consumer surplus for the other four sites. The consumers' surplus value (1988 dollars) of all six activities to participants amounted to a total of more than $1.28 million annually—twice the total out-of-pocket expenditures of approximately $640,000 spent to visit the sites. The economic amenity values of the six activities compare favorably with similarly derived values in other studies for hunting, fishing, hiking, and backpacking in dispersed recreation environments and wilderness areas in western states.     

RECREATION AT THE MC CLELLAN-KERR ARKANSAS RIVER NAVIGATION SYSTEM1

ABSTRACT: Recreation has produced substantial employment, incomes, economic development, and migration impacts since completion of the McCle-lan-Kerr Arkansas River Navigation System. These impacts support the influence of navigation, hydropower, flood control, and channel stabilization outputs on regional development. The marked success is not without substantial costs in public resources, including manpower which are devoted to recreational management. Increasing the share of financial resources obtained from recreational users and transfer of management responsibilities to nonfederal agencies, including private concessionaires is recommended.