Question

In: Economics

For both of the following cases, explain which method of environmental valuation (benefit estimation) you would...

For both of the following cases, explain which method of environmental valuation (benefit estimation) you would recommend. Be sure to justify your choice of method, and describe briefly how the method works in the specific situation.

(a) A proposal to clean up an abandoned hazardous waste site in a Brisbane neighbourhood.

(b) An evaluation of the cleanup of an oil spill in a pristine, remote, unvisited coastal area.

Solutions

Expert Solution

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Pending answer for part "b"

Besides these three methods the are also some more methods which are as: Burning in-situ , Using Dispersants, Hot water and high pressure washing, using manual labour, bioremediation and chemical stablization of oil by elastomizers.all these methods are successful in cleaning up oil spills in Pristine,remote, and unvisited coastal areas.

As you have asked in question for brief explanation that is why i didn't explain all these methods.

One more thing i apologize for same picture uploaded two times due to technical error.

Hope you got your answer..if you need some more information about your question feel free to ask.. thank you and best of luck.


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