As vessel traffic in the Baltic increases, in particular oil transports from Russia to the international market, so too does the risk of oil spills which above the environmental impacts impose costs on society including direct costs, market costs and non-market costs (e.g., losses in welfare...

Environmental considerations at wind power require avoidance and mitigation of environmental impacts through proper citing, operational constraints, etc. However, some impacts are unavoidable for otherwise socially-beneficial projects. Criteria for Environmental Impact Assessment (EIA) suggest...

Resource-based compensation aims to offset the public's welfare loss associated with environmental injuries. Compensatory payments are frequently scaled using Equivalency Analysis (EA). EA's focus on ensuring equity in utility terms for the victim may lead to an inefficient outcome for society...