Nitrogen sources and Gulf hypoxia: potential for environmental credit trading

Ribaudo, Marc; Heimlich, Ralph E.; Peters, Mark

doi:10.1016/j.ecolecon.2004.07.021

Cited by 70 publications

(54 citation statements)

References 10 publications

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“…The result is $1248/ha/year. A range of values for N mitigation is derived by using the lowest and highest N credit prices among all subregions in the Mississippi Basin generated by Ribaudo et al (2005). In Table 2, the costs of a marginal N credit range from $22.82 to $106.09/ kg N and the interval of annualized values is between $1127 and $5240.…”

Section: Monetizing Nitrogen Mitigationmentioning

confidence: 99%

“…Nitrogen mitigation is monetized using a price estimated for the Delta region (Arkansas, Louisiana, and Mississippi) of the U.S. South in Ribaudo et al (2005). That study's results are selected for the benefit transfer because it is one of the few studies in the literature that produces a marginal price for nitrogen mitigation; moreover, its estimates are also specific to the MAV study area.…”

Section: Monetizing Nitrogen Mitigationmentioning

confidence: 99%

“…That study's results are selected for the benefit transfer because it is one of the few studies in the literature that produces a marginal price for nitrogen mitigation; moreover, its estimates are also specific to the MAV study area. Ribaudo et al (2005) employ the U.S. Agricultural Sector Mathematical Programming (USMP) model to explore the potential for nitrogen credit trading in the entire Mississippi Basin by modeling the interaction Fig.…”

Section: Monetizing Nitrogen Mitigationmentioning

confidence: 99%

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Valuing ecosystem services from wetlands restoration in the Mississippi Alluvial Valley

Jenkins

Murray

Kramer

et al. 2010

Ecological Economics

227

120

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This study assesses the value of restoring forested wetlands via the U.S. government's Wetlands Reserve Program (WRP) in the Mississippi Alluvial Valley by quantifying and monetizing ecosystem services. The three focal services are greenhouse gas (GHG) mitigation, nitrogen mitigation, and waterfowl recreation. Site-and region-level measurements of these ecosystem services are combined with process models to quantify their production on agricultural land, which serves as the baseline, and on restored wetlands. We adjust and transform these measures into per-hectare, valuation-ready units and monetize them with prices from emerging ecosystem markets and the environmental economics literature. By valuing three of the many ecosystem services produced, we generate lower bound estimates for the total ecosystem value of the wetlands restoration. Social welfare value is found to be between $1435 and $1486/ha/year, with GHG mitigation valued in the range of $171 to $222, nitrogen mitigation at $1248, and waterfowl recreation at $16. Limited to existing markets, the estimate for annual market value is merely $70/ha, but when fully accounting for potential markets, this estimate rises to $1035/ha. The estimated social value surpasses the public expenditure or social cost of wetlands restoration in only 1 year, indicating that the return on public investment is very attractive for the WRP. Moreover, the potential market value is substantially greater than landowner opportunity costs, showing that payments to private landowners to restore wetlands could also be profitable for individual landowners.

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Section: Monetizing Nitrogen Mitigationmentioning

confidence: 99%

Section: Monetizing Nitrogen Mitigationmentioning

confidence: 99%

Section: Monetizing Nitrogen Mitigationmentioning

confidence: 99%

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Valuing ecosystem services from wetlands restoration in the Mississippi Alluvial Valley

Jenkins

Murray

Kramer

et al. 2010

Ecological Economics

227

120

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“…While the costs of controlling nutrient pollution are substantial and involve their own set of spatial-dynamic complications (Ribaudo et al 2005;Gren, Savchuk, and Janson 2013), understanding hypoxic effects on fisheries is one part of estimating benefits of these reductions. Here we examine potential effects of hypoxia using a spatial-dynamic bioeconomic simulation and find strong indications that growth and mortality effects of hypoxia will lead to decreases in harvests.…”

Section: Discussionmentioning

confidence: 99%

Spatial-dynamics of Hypoxia and Fisheries: The Case of Gulf of Mexico Brown Shrimp

Asche¹,

Bennear²,

Øglend³

2014

Marine Resource Economics

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We analyze the Gulf of Mexico brown shrimp fishery and the potential impacts of a large seasonal area of hypoxia (low dissolved oxygen) that coincides with the peak shrimp season.A spatial-dynamic bioeconomic simulation embeds three biological impacts on shrimp: mortality, growth, and aggregation on hypoxic edges. Hypoxia creates feedbacks in the bioeconomic system, altering catch and effort patterns. System changes propagate over space to affect areas that do not experience hypoxia. Areas that might otherwise be considered controls in a natural experiments framework are contaminated by the ecological disturbance through spatial sorting. Aggregate predictions from simulations are similar to empirical fishery data. Average shrimp size and total landings are negatively correlated, as are hypoxic severity and landings. Shrimp size and hypoxic severity are only weakly negatively correlated. Growth overfishing, which varies with recruitment success and with ecological disturbances, is a key mediating effect. JEL Code Q22.

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“…However, in the case of a nutrient trading program, nonpoint sources discharging over a diffuse area, such as agricultural operations, do not have legal liabilities to control nutrient discharges (Shabman and Stephenson, 2007). Yet, nonpoint sources are well known to dominate the total nutrient loadings in the majority of watersheds (USEPA, 2000) and also to offer, under most circumstances, lower nutrient reduction costs (Ribaudo et al, 2005). Although nutrient abatement costs are site specific and technology dependent, if a trading program fails to incorporate point and nonpoint sources of pollution, the cost savings and compliance itself could be compromised.…”

Section: Regulatorymentioning

confidence: 99%

Modeling a Phosphorus Credit Trading Program in the Lake Okeechobee Watershed

Corrales¹

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Nitrogen sources and Gulf hypoxia: potential for environmental credit trading

Cited by 70 publications

References 10 publications

Valuing ecosystem services from wetlands restoration in the Mississippi Alluvial Valley

Valuing ecosystem services from wetlands restoration in the Mississippi Alluvial Valley

Spatial-dynamics of Hypoxia and Fisheries: The Case of Gulf of Mexico Brown Shrimp

Modeling a Phosphorus Credit Trading Program in the Lake Okeechobee Watershed

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