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Environmental Economics & the Mining Industry

  • Wade E. Martin
Book
  • 481 Downloads

Part of the Studies in Risk and Uncertainty book series (SIRU, volume 4)

Table of contents

  1. Front Matter
    Pages i-vi
  2. Ronald Cummings, Philip Ganderton, Thomas McGuckin
    Pages 53-78
  3. Ralph C. d’Arge
    Pages 79-105

About this book

Introduction

Superfund liability). This is an issue that is currently having an dramatic impact on the industry. The impact is being felt in transactions involving the potential sale of properties, insuring operations, development of new properties, joint ventures, or more generally, practically every phase of the mining firms operation. The second issue focuses on an environmental topic that has not been specifically addressed in federal legislation, although it has been indirectly considered, that is global warming or the "greenhouse effect". One of the interesting aspects to this environmental problem is the uncertainty associated with it at every phase of the analysis. The predictions of the general circulation models of climatologists are questioned due to the uncertainty of ocean effects, urbanization, etc. (see Burness & Martin, Chapter 5). The economic models are criticized for the uncertainty associated with the benefit estimates from reducing greenhouse gases, particularly carbon dioxide (COJ, concentrations in the atmosphere as well as estimates of the cost of reducing GHG concentrations and/or emissions. This raises the interesting question of what is the optimal policy and what will be the impact of this policy(s) on the mining sector, given the uncertainty. The first of these two topics is addressed by V. Kerry Smith and Ronald G. Cummings, et al. Professors Smith and Cummings were chosen due to their pioneering work in the area of valuation of nonmarket goods, particularly involving the use of survey methods.

Keywords

Greenhouse effect environment environmental economics global warming mineral research

Editors and affiliations

  • Wade E. Martin
    • 1
  1. 1.Environmental Policy Center Mineral Economics DepartmentColorado School of MinesGoldenUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-011-1406-6
  • Copyright Information Kluwer Academic Publishers 1994
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-4617-6
  • Online ISBN 978-94-011-1406-6
  • Series Print ISSN 0926-972X
  • Buy this book on publisher's site
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