Wetlands, Flooding, and the Clean Water Act
Charles Taylor and
Hannah Druckenmiller
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Hannah Druckenmiller: Resources for the Future
No 21-26, RFF Working Paper Series from Resources for the Future
Abstract:
In 2020 the EPA narrowed the definition of ‘Waters of the United States’, significantly limiting wetland protection under the Clean Water Act. Current policy debates center on the uncertainty around wetland benefits. We estimate the value of wetlands for flood mitigation across the US using detailed flood claims and land use data. We find the average hectare of wetland lost between 2001 and 2016 cost society $1,840 annually, and over $8,000 in developed areas. We document significant spatial heterogeneity in wetland benefits, with implications for flood insurance policy and the 50% of ‘isolated’ wetlands at risk of losing federal protection.Click "Download" above to read the full paper.
Date: 2021-08-23
New Economics Papers: this item is included in nep-agr, nep-des, nep-env and nep-reg
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https://www.rff.org/documents/3285/Update_WP_21-26.pdf (application/pdf)
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Journal Article: Wetlands, Flooding, and the Clean Water Act (2022) 
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Persistent link: https://EconPapers.repec.org/RePEc:rff:dpaper:dp-21-26
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