Managing Pollution

Managing Pollution

Economic Valuation and Environmental Toxicology

Edited by Clive L. Spash and Sandra McNally

Economists are concerned by a wide range of environmental impacts from pollutants, as they affect human welfare and not just human health. This insightful book demonstrates how economic analysis can contribute to decision making in environmental policy and discusses the theoretical limitations of economic valuation.

Chapter 7: Prioritizing toxic chemical clean-up in Hungary using monetary valuation

John Powell

Subjects: economics and finance, environmental economics, environment, environmental economics

Extract

John Powell INTRODUCTION The Hungarian people are only now, nine years after the first freely elected government, beginning to realize the full extent of land contamination in their country. Some activities causing contamination, previously kept secret even from those potentially affected, have ceased, though their legacy remains and is proving difficult to remedy in a situation where environmental issues are far from the top of the political agenda. Other activities continue to cause land degradation in a context of poor waste management infrastructure and low levels of enforcement (Lehoczki 1993; Research Triangle Institute 1994). Even where potentially damaging sites have been identified, only a few have been decontaminated effectively because of the scale and complexity of the problems, and the fear that high costs are involved. Little work has been carried out on the economics of contaminated land remediation in Hungary and there have been no attempts to estimate benefits. Even the estimated clean-up costs are often no more than an indication of the order of magnitude of likely costs. This has proved problematic for the government trying to implement a clean-up programme while operating with a very small annual budget. Government agencies involved in financing and regulating land remediation presently rely solely on a complex risk assessment procedure in deciding which sites should be attended to first. There is thus no indication of any returns on resources invested in land remediation. In order to rectify this situation and to ensure that benefits are included in decision making for site...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information