California and the World Ocean '02 2005
DOI: 10.1061/40761(175)75
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Calculating Compensatory Restoration in Natural Resource Damage Assessments: Recent Experience in California

Abstract: Natural resource damage assessment (NRDA) is the process of quantifying monetary damages for injuries to wildlife, habitat, and the services they provide, in the event of an oil spill or other pollution event. One economic method, Resource Equivalency Analysis (REA), has become the predominant tool used for calculating these damages. It may be employed to calculate damages to both habitat and/or individual animal species. It has been used nationwide in a wide range of cases involving a wide array of habitat ty… Show more

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Cited by 8 publications
(4 citation statements)
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“…The conceptual basis and mathematical framework for HEA and REA are well documented, though REA is less frequently described (Desvousges et al 2018;Hampton and Zafonte 2002;NOAA 2006;Peterson and Kneib 2003). For NRDAs, REAs are customized on a case-specific basis to address project characteristics, while maintaining the basic framework that defines a REA.…”
Section: Description Of Modelmentioning
confidence: 99%
See 1 more Smart Citation
“…The conceptual basis and mathematical framework for HEA and REA are well documented, though REA is less frequently described (Desvousges et al 2018;Hampton and Zafonte 2002;NOAA 2006;Peterson and Kneib 2003). For NRDAs, REAs are customized on a case-specific basis to address project characteristics, while maintaining the basic framework that defines a REA.…”
Section: Description Of Modelmentioning
confidence: 99%
“…Although REAs and HEAs are a frequent component of NRDA cases in the U.S. and have supported a multitude of government claims, few peer-reviewed papers present detailed applications (but see Peterson and Kneib 2003 for marine examples and Dunford et al 2004 for a wetland example). Several publicly available reports and conference proceedings provide some detail on model inputs and methods for wetland HEAs or REAs, but data-derived justifications for model inputs and model assumptions are not well documented, particularly for the quantification of anticipated restoration benefits (Cosco Busan Oil Spill Trustees 2012; Desvousges et al 2018;Gala et al 2008;Hampton and Zafonte 2002;Michel et al 2002;Stratus Consulting and Toxicological, and Environmental Associates, Inc. 2006).…”
Section: Introductionmentioning
confidence: 99%
“…REA is a resource-toresource method that references the number of organisms lost and gained, and HEA is a service-to-service method that references habitat area lost and gained [42]. The two methods are algebraically identical and are used to calculate the quantity of compensatory restoration that will generate natural resource services equivalent to service losses due to an injury [24,26,[41][42][43][44]. Service losses and compensatory benefits are quantified in non-monetized units such as discounted service-acre-years (DSAYs).…”
Section: Valuation Of Lost Servicesmentioning
confidence: 99%
“…Due to these complications, most injury assessment studies use indicators of ecological services [40] rather than measuring ecosystem services directly. Thus, in an NRDA, the quantity of compensatory restoration required to offset service losses as a result of an injury is not calculated by directly measuring a comprehensive suite of ecosystem services, but is instead often determined by habitat equivalency analysis (HEA) or resource equivalency analysis (REA) [26,[41][42][43][44]. REA is a resource-toresource method that references the number of organisms lost and gained, and HEA is a service-to-service method that references habitat area lost and gained [42].…”
Section: Valuation Of Lost Servicesmentioning
confidence: 99%