2010
DOI: 10.3368/er.28.1.32
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Florida's Approach to Natural Resource Damage Assessment: A Short, Sweet Model for States Seeking Compensation

Abstract: A recent survey of state environmental regulators revealed that natural resource injuries caused by oil pollution are a major concern, yet few respondents reported pursuing compensation for damages on a regular basis. It appears that their reluctance is due to the fact that many view natural resource damage assessments (NRDA) as a costly, time-consuming and legally risky undertaking. This article presents a case study of Florida's approach to this type of regulation, which relies on the combination of a standa… Show more

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Cited by 5 publications
(2 citation statements)
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“…The first objective: Minimizing the monetary value of ecological loss due to oil contamination As the Florida formula is a proven, convenient and economical method for ecological loss evaluation (Faass et al, 2010), it is employed and revised as follows to assess the loss.…”
Section: Objective Functionsmentioning
confidence: 99%
“…The first objective: Minimizing the monetary value of ecological loss due to oil contamination As the Florida formula is a proven, convenient and economical method for ecological loss evaluation (Faass et al, 2010), it is employed and revised as follows to assess the loss.…”
Section: Objective Functionsmentioning
confidence: 99%
“…These types of simplified evaluation methods have the advantages of simplicity, low cost, small demand for information and easier operation in practice. The Florida formula, which is proven to be a fast and low-cost method for oil spill ecological damage assessment (Faass et al, 2010), is adopted and modified in Equation ( 4) to evaluate the ecological environmental loss value.…”
Section: Quantifying the Value Of Ecological Environmental Lossmentioning
confidence: 99%