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A Cost Benefit Analysis of California's Leaking Underground Fuel Tanks

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Author Info
Robert Carrington-Crouch (University of California, Santa Barbara)
Abstract

California has 28,000 leaking underground fuel tanks. Approximately 7,000 have been actively remediated at a cost of $1 billion. It will cost roughly $3 billion to actively remediate the remainder. This paper demonstrates that it is not worth incurring these costs. We show that passive, or intrinsic, bioremediation ("exploiting the metabolic activity of microorganisms to transform or destroy contaminants") is the most cost-beneficial remediation technology to employ.

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File URL: http://repositories.cdlib.org/cgi/viewcontent.cgi?article=1006&context=ucsbecon
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Publisher Info
Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number 11-96.

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Date of creation: 01 Jun 1996
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Handle: RePEc:cdl:ucsbec:11-96

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Related research
Keywords: Cost Benefit Analysis; Underground Fuel Tanks;

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