Estimating Economic Costs of Nature Protection: British Columbia's Forest Regulations
Gerrit van Kooten and
Canadian Public Policy, 1998, vol. 24, issue s2, 63-71
In British Columbia, regulations to protect nature have been implemented with little or no economic analysis. This paper provides an analysis of one set of regulations, British Columbia's Forest Practices Code. Annual costs of the Code are estimated to be $492.4 to $696.3 million. On the benefit side, recreation benefits are estimated to be $3.2 to $12.6 million per year, while annual non-use or preservation benefits could take on values from $85 to $385 million. Social benefits are less than costs.
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