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Some Issues at the Forefront of Public Policy for Environmental Risk

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  • Macauley, Molly

    () (Resources for the Future)

Abstract

The lay of the policy land for addressing and managing environmental risk includes the hillock of the precautionary principle, the mountain of the practice and ethics of monetary valuation, and the tectonic plates of real-world innovations in markets and trading exchanges for nonmarketed environmental goods. This paper offers an overview of these contemporary and as yet unresolved issues and asks how each might be addressed in disparate environmental risks such as lightning, climate change, and severe weather. The overview focuses on issues that may be of interest to the American Meteorological Society’s annual policy colloquium.

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Bibliographic Info

Paper provided by Resources For the Future in its series Discussion Papers with number dp-06-01.

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Date of creation: 23 Jan 2006
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Handle: RePEc:rff:dpaper:dp-06-01

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Keywords: risk; environment; public policy; economics;

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  1. LeRoy, Stephen F & Singell, Larry D, Jr, 1987. "Knight on Risk and Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 95(2), pages 394-406, April.
  2. Anna Alberini & Maureen Cropper & Alan Krupnick & Nathalie B. Simon, 2004. "Willingness to Pay for Mortality Risk Reductions: Does Latency Matter?," NCEE Working Paper Series 200401, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Feb 2004.
  3. Hahn, Robert W. & Sunstein, Cass R., 2005. "The Precautionary Principle as a Basis for Decision Making," Working paper 201, Regulation2point0.
  4. Alberini, Anna & Cropper, Maureen & Krupnick, Alan & Simon, N.B.Nathalie B., 2004. "Does the value of a statistical life vary with age and health status? Evidence from the US and Canada," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 769-792, July.
  5. Cass R. Sunstein, 2005. "The Precautionary Principle as a Basis for Decision Making," The Economists' Voice, De Gruyter, vol. 2(2), pages 8.
  6. Boyd, James & Wainger, Lisa, 2003. "Measuring Ecosystem Service Benefits: The Use of Landscape Analysis to Evaluate Environmental Trades and Compensation," Discussion Papers dp-02-63, Resources For the Future.
  7. Adler, Matthew D., 2005. "QALYs and Policy Evaluation: A New Perspective," Working paper 265, Regulation2point0.
  8. Krupnick, Alan & Alberini, Anna & Simon, Nathalie & Cooper, Maureen, 2004. "Willingness to Pay for Mortality Risk Reductions: Does Latency Matter?," Discussion Papers dp-04-13, Resources For the Future.
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