The use of best management practices to respond to externalities from developing shale gas resources |
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Authors: | Terence J. Centner Nicholas S. Eberhart |
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Affiliation: | 1. Department of Agricultural and Applied Economics, The University of Georgia, Athens, USA;2. School of Public and International Affairs, The University of Georgia, Athens, USA |
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Abstract: | The public is concerned that activities accompanying hydraulic fracturing in the development of shale gas resources are unnecessarily adversely affecting them and the environment and is petitioning elected representatives to take actions to reduce risks. The health risks associated with fracturing chemicals and air pollutants are relatively unknown and constitute the impetus for public concern. An evaluation of state legal and regulatory provisions regarding best management practices discloses that states are not adopting timely regulations to protect people and the environment from activities accompanying hydraulic fracturing. Simultaneously, regulatory policy concerning negative externalities suggests that governments underinvest in the protection of human health and environmental quality. Governments have choices in protecting people from dangers that accompany shale gas development. Due to the risks of injuries and unpaid damages from shale gas development, governmental policies need to evolve to accord people greater health protection. |
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Keywords: | hydraulic fracturing best management practices shale gas development regulation externalities |
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