1000 words Environmental economics essay
joyjiaojiao
381.pptxEstimating the economic costs of marine litters
Presenter: Tianjiao He
Outline
Thesis Statement
Summary of research findings
Relevant theoretical tools
References
Thesis Statement
The purpose of this project is to estimate the economic impacts of marine debris, analyze the marginal damages and marginal abatement costs of marine litters, and propose possible recommendations.
Research findings: Source1
“This paper provides an assessment model to estimate the economic impacts of land sourced marine plastic pollution” (Vincent Viool et al., 2020).
Indirect costs & Direct costs
Economic impact per geographic region
Research findings: Source 2
“There are other underlying costs too, particularly with regards to both marine and coastal activities, and in turn the economic benefits that local communities and nations derive from them” (Matsangou, 2020).
Impacts on marine life, underlying costs
A bigger problem: Micro plastics
Clean-up device: “Boomy McBoomface”
Responsibilities: corporations, governments
Research findings: Source 3
“It provides a brief analysis of the marine litter problem from an environmental economics perspective, and discusses the use and design of economic-based policy instruments to tackle the problem” (Newman et al., 2020).
Estimating the full economic cost of marine litter is complex.
Economic incentives (different instruments)
Research findings: Source 4
“The report is designed to assist the understanding of the economic costs and benefits of controlling marine debris and empower governments, industries and the community to take action” (McIlgorm
et al., 2008).
Introduce marine debris
Existing economic impacts in the APEC region
Economic-based model
Economic incentives
Theoretical Tools
In the last source, marginal damage cost & marginal cost and benefit-cost are analyzed.
“The benefits of controlling marine debris are measured as the reduction in the annual damage costs attributable to the stock of marine debris. This is due to the avoided cost nature of marine debris” (McIlgorm et al., 2008).
The key of the final research paper might be to demonstrate the balancing point between marginal damage costs & marginal abatement costs.
References
McIlgorm, A., Campbell H. F. and Rule M. J. (2008). Understanding the economic benefits and costs of controlling marine debris in the APEC region (MRC 02/2007). A report to the Asia-Pacific Economic Cooperation Marine Resource Conservation Working Group by the National Marine Science Centre (University of New England and Southern Cross University), Coffs Harbour, NSW, Australia, December.
Matsangou, E. (2020). Counting the cost of plastic pollution. Worldfinance.com. Retrieved 27 October 2020, from https://www.worldfinance.com/markets/counting-the-cost-of- plastic-pollution.
Newman S., Watkins E., Farmer A., Brink P.., Schweitzer JP. (2015) The Economics of Marine Litter. In: Bergmann
M., Gutow L., Klages M. (eds) Marine Anthropogenic Litter. Springer, Cham. https://doi.org/10.1007/978- 3-319-16510-3_14
Vincent Viool, V., Abhishek Gupta, A., Laurens Petten, L., & Jorg Schalekamp, J. (2020). Www2.deloitte.com. Retrieved 27 October 2020, from https://www2.deloitte.com/content/dam/Deloitte/nl/Documents/strategy- analytics-and-ma/deloitte-nl-strategy-analytics-and-ma-the-price-tag-of-plastic-pollution.pdf.
