How to reach a compromise on drilling in AWNR
Drilling in the Arctic National Wildlife Refuge (ANWR) has been controversial for decades and is likely to remain so. However, progress towards resolving this controversy might be possible if the congressional proposals to open ANWR include provisions that require the federal government to spend the money the federal government makes through leasing fees and taxes on conservation. The rising price of oil means that the profits to the federal government from drilling in ANWR are greater than the amount of money required to preserve all of the world's major centers of biodiversity. Moderate environmental organizations might therefore support drilling in order to avert other larger environmental problems elsewhere.
References listed on IDEAS
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- Fisher, Brendan & Christopher, Treg, 2007. "Poverty and biodiversity: Measuring the overlap of human poverty and the biodiversity hotspots," Ecological Economics, Elsevier, vol. 62(1), pages 93-101, April.
- Conrad, Jon M. & Kotani, Koji, 2005. "When to drill? Trigger prices for the Arctic National Wildlife Refuge," Resource and Energy Economics, Elsevier, vol. 27(4), pages 273-286, November.
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