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Habitat valuation methods are most often developed and used to prioritize candidate lands for conservation. In this study the intent of habitat valuation was to inform was to inform the decision-making process for remediation of chemical contaminants on specific lands or surface water bodies. Methods were developed to summarize dimensions of habitat value for six representative aquatic and terrestrial contaminated sites at the East Tennessee Technology Park (ETTP) on the US Department of Energy Oak Ridge Reservation in Oak Ridge, TN, USA. Several general valuation metrics were developed for three broad categories; site use by groups of organisms, site rarity, and use value added from spatial context. Examples of...
The energy consumption and fossil CO2 emissions from the Canadian vegetable greenhouse industry were assessed using greenhouse statistics from 2002 to 2007. The fossil CO2 emissions were compared to the fossil CO2 emitted during transport of an equal weight of food by truck and by airplane from two horticultural production centers in the southern USA to four locations in Canada. The calculations in this paper for Canadian greenhouse energy use for heating were verified against farm energy use survey data collected from greenhouse operators in 1996. Allowing for extrapolations to 1996 from the 2002 to 2007 period, the survey data were underestimated by 12%. Since the survey data were not corrected for possible household...
This article identifies the combined value that solar electric power plants deliver to utilities' rate payers and society's tax payers. Benefits that are relevant to utilities and their rate payers include traditional, measures of energy and capacity. Benefits that are tangible to tax payers include environmental, fuel price mitigation, outage risk protection, and long-term economic growth components. Results for the state of New York suggest that solar electric installations deliver between 15 and 40 ¢/kWh to ratepayers and tax payers. These results provide economic justification for the existence of payment structures (often referred to as incentives) that transfer value from those who benefit from solar electric...
Categories: Publication; Types: Citation; Tags: Cost, Solar energy, Value
Some theoretical results concerning the nature of the relationship between the scientific quality and economic value of imperfect weather forecasts are obtained. A prototype multistage decision-making model is considered, involving only two possible actions and two possible states of weather. This particular form of model is motivated by a real-world application known as the fruit-frost problem. For an infinite-horizon, discounted version of this model it is shown that economic value remains zero below a forecast quality threshold and then rises monotonically but nonlinearly above this threshold. In particular, the relative sensitivity of economic value to changes in the quality of forecasts increases as perfect...
Extraction of natural gas from hard-to-reach reservoirs has expanded around the world and poses multiple environmental threats to surface waters. Improved drilling and extraction technology used to access low permeability natural gas requires millions of liters of water and a suite of chemicals that may be toxic to aquatic biota. There is growing concern among the scientific community and the general public that rapid and extensive natural gas development in the US could lead to degradation of natural resources. Gas wells are often close to surface waters that could be impacted by elevated sediment runoff from pipelines and roads, alteration of streamflow as a result of water extraction, and contamination from introduced...
During the past three years, working with more than 150 organizations representing public and private stakeholders, EPRI has developed the Electricity Technology Roadmap. The Roadmap identifies several major strategic challenges that must be successfully addressed to ensure a sustainable future in which electricity continues to play an important role in economic growth. Articulation of these anticipated trends and challenges requires a detailed understanding of the role and importance of reliable electricity in different sectors of the economy. This report is intended to contribute to that understanding by analyzing key aspects of trends in the economic value of electricity reliability in the U.S. economy. We first...