Lost Ecosystem Goods and Services as a Measure of Marine Oil Pollution Damages

James Boyd

RFF Working Paper Series from Resources for the Future

Abstract: The paper addresses the definition and measurement of liability for marine oil pollution accidents. The economic value of lost or injured ecosystem goods and services is argued to be the most legally, economically, and ecologically defensible measure of damages. This is easier said than done, however. Calculating lost ecological wealth with any precision is an enormous scientific and economic undertaking. The paper proposes practical ways to improve our future ability to calculate such losses.

Keywords: environmental liability; ecosystem services; marine pollution (search for similar items in EconPapers)
Date: 2010-05-20
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (2)

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