Literature Review to Assess the Valuation of Ecological Benefits from Ecological Risk Assessments – US EPA


Office of Policy, Economics, and Innovation and the National Center for Environmental Economics

Literature Review to Assess the Valuation of Ecological Benefits from Ecological Risk Assessments USEPA

Office of Policy, Economics, and Innovation and the National Center for Environmental Economics

Overview:

  • Evaluation of over 2,000 ecosystem valuation studies
  • Incorporation of valuation studies from numerous government agencies using ecological risk assessment
  • Development of Ecological Risk Assessment Benefits Evaluation database for use by EPA

Description:

Avatar Environmental performed a literature review of existing research, analyses, models and methodology used to assess the valuation of ecological benefits deriving from the practice of ecological risk assessment throughout the USEPA regulatory program offices. This literature review has resulted in the evaluation of approximately 2,000 ecosystem valuation studies that encompass both a review of USEPA Program and State guidance documents, published literature, gray literature as well as interviews with regulatory agency representatives. Technical program areas associated with ecological risk assessment from which information has been gleaned include:
  • EPA’s Superfund (CERCLA) Program
  • EPA’s and USDA’s Pesticide/ Herbicide Programs
  • Dept of Interior Threatened and Endangered Species Program
  • US Fish and Wildlife Service Habitat Maintenance and Restoration
  • NOAA Natural Resources Damages Assessment Program
  • National Marine Fisheries Service Stock Assessment Program
The use of Contingent Valuation Methodology has proven less than satisfactory as an economic valuation tool, so emphasis was placed on other methodologies such as Willingness to Pay, Replacement Cost-Benefit Assessment, etc.