Researcher makes economic case for environmental regulation

May 19, 2014 by Michael P. Griffin

It's a familiar story. Environmental advocates push for regulation. Industry responds with caution, concerned about associated costs, while the public chooses sides.

But research by Clarkson University Associate Professor of Economics Martin Heintzelman promises to diffuse some of that tension. Heintzelman uses the tools and models of economics to inform cost-benefit analyses of . By putting a on the benefits of or water, for example, he can strengthen a case for .

"Much of my work has focused in the area of property values, which is a very good metric to assess benefits," Heintzelman says. He is currently working with his Clarkson colleague, Professor of Civil & Environmental Engineering Thomas Holsen, on a New York state-funded project to measure the benefits of reducing mercury pollution and acid deposition by assessing their effect on property values and water quality throughout the state.

Heintzelman's other projects include an analysis of the relationship between the location of wind energy facilities and declining property values, and how environmental indicators, like the presence of the Common Loon on an Adirondack lake, have a substantial impact on property values.

Heintzelman used an extensive dataset of Adirondack property transactions, which isolated the impacts on property values of many factors, including lake water quality, data like water acidity, as well as indicator measures, such as the presence or absence of loons, a waterfowl that is highly sensitive to water pollution.

"Preliminary results suggest that when making property transaction decisions, homeowners value being on or near water bodies that are less threatened by acidity and contain loons," says Heintzelman.

In fact, the researcher and his team found that the presence of loons generates a premium on property transactions of 7-8 percent, which for the average lakefront house is $13,500. Likewise, the presence of invasive plants, such as milfoil, reduces transaction prices by approximately 7 percent.

"These results suggest that there are significant to Adirondack homeowners from regulations, which would improve and aquatic ecosystems," says Heintzelman.

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CJO
1 / 5 (4) May 20, 2014

Climate Alarmists and their ilk are willfully blind to the economic cost and destruction they are doing to Mother Nature and humanity based on the false prophecies of Alarmists Climate Scientists. The bottom line is Climate Alarmists Anti: fossil fuel, economy, jobs and poor edicts intended to reduce CO2 emissions will have little if any impact on mitigating Climate Change.
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or "fix the weather" per the University of Manchester http://wp.me/p7y4l-rvo

So the next question is why why are Climate Alarmists so obsessed with wasting trillions of dollars on reducing CO2 emissions from fossil fuel when it will have no impact on mitigating climate change? Money maybe? http://greencorru...spot.com

When the "Cure" is worse than the alleged "disease" who should be prosecuted for Climate Crimes?

All Pain For No Gain:
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Poor Get Shafted
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Mother Nature gets whacked. Obama and his ilk are the ones who are destroying Mother Nature by destroying natural habitats with biofuel crops and slaughtering eagles on the blades of wind turbines and burning birds alive who fly over solar panels. http://youtu.be/5igyXyJKL_0
http://youtu.be/RnbaIF6gJY0
http://youtu.be/8NAAzBArYdw
Birds Burned Alive In Flight Over Solar Eagles Slaughtered By Wind Is Barbaric
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How the Global Warming Scare Began
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supamark23
5 / 5 (4) May 20, 2014
@CJO - You're the worst sort of person, posting lies for money. Paid trolls like you are an embarrassment to humanity, please remove yourself from the gene pool ASAP.
ryggesogn2
1 / 5 (3) May 20, 2014
Why don't those who own property on the shore own a right to the lake?
Enviro Equipment Blog
1 / 5 (2) May 20, 2014
The thing that troubles me about this Clarkson University study is that it bases everything on property values and how they are impacted by nearby environmental conditions. As someone who grew up with a mother who was a real estate broker, I can tell you that there are many, many factors in determining the property value of a home (i.e. location to shopping & employment, it's remoteness, quality of the local school system, etc.) not just how close it is to an energy production facility or such.

Still, this study is unnecessary, if not uneven, start.

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