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The economic cost of wetland destruction

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  • Schmidt, Carmel Elizabeth

Abstract

Wetlands are often refereed to as the ‘kidney of the river’, but what is the value of the water filtration they provide, and what is the cost of wetland destruction? This paper determines the economic value of wetlands for water filtration. It demonstrates that wetlands are of considerable economic value, even where the volume of water filtered is in excess of that required for domestic consumption. It argues that if legislation required those who destroy natural wetlands to replace the water filtration process the wetlands once provided, it would be necessary to construct water filtration plants at significant cost.

Suggested Citation

  • Schmidt, Carmel Elizabeth, 2008. "The economic cost of wetland destruction," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 5985, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare08:5985
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    File URL: http://purl.umn.edu/5985
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    References listed on IDEAS

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    1. Kennedy, John O.S., 1997. "The Economics of Algal Bloom Control," 1997 Conference (41st), January 22-24, 1997, Gold Coast, Australia 136237, Australian Agricultural and Resource Economics Society.
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    Keywords

    ecosystem services; wetlands; water filtration; valuation; Environmental Economics and Policy; Land Economics/Use; Political Economy;

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