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The Center for the Integrated Modeling and Analysis of the Gulf Ecosystem

A tale of two Gulf spills: A research consortium of 17 institutions from 5 countries studying the impacts of oil spills on the Gulf of Mexico.

#13 For a few dollars more: costs and ecosystem services after spills

  • Friday, 01 February 2019

The Loop-Episode 13: For a few dollars more: costs and ecosystem services after spills

Ecosystem services are benefits the environment provides to humans. Oil spills harm the environment and these services, like preventing marshlands from naturally dispersing storm surges. Measuring the cost of these services, economists are polling households asking how much someone would pay to prevent a spill or keep their marshlands protected. These estimates should be considered a factor when assessing the full economic damage of a spill, and how much someone is willing to pay to prevent them in the future.

David Levin sits down with David Yoskowitz from the Harte Research Institute of Gulf of Mexico Studies at Texas A&M-Corpus Christi to discuss the economics behind oil spill response and recovery. When oil spills are assessed through an economic viewpoint, both environmental and human impacts must be considered to provide a full picture.

coastal-rig

  • Last modified on Tuesday, 30 April 2019
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Podcasts from The Loop

The Loop is a series of podcasts which take an in depth look at C-IMAGE research. Partnering with Mind Open Media reporters Ari Daniel Shapiro and David Levin, our researchers share the importance of their studies and how they help our understanding of oil spills. David and Ari have produced eight podcasts and have more in the queue. The podcasts are linked below. Plug in and learn about our research!

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