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Fishing for litter: A cost-benefit analysis of how to abate ocean pollution

Author

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  • King, Peter

Abstract

Marine plastics inflict annual damages of nearly $2bn on the marine economy. These damages may now be mitigated by a novel scheme that proposes to recover marine plastics. While a range of uses exist for recovered marine plastics; this research finds that none are profitable. While not financially viable, the scheme is found to be economically viable given the significant damages from marine plastics on the marine economy. Implications from this research for the future of pollution abatement are remarked upon.

Suggested Citation

  • King, Peter, 2018. "Fishing for litter: A cost-benefit analysis of how to abate ocean pollution," MPRA Paper 92298, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:92298
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    File URL: https://mpra.ub.uni-muenchen.de/92298/1/MPRA_paper_92298.pdf
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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