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Author: | Elofsson, K. |
Title: | Cost-effective reductions of stochastic agricultural loads to the Baltic Sea |
Journal: | Ecological Economics
2003 : NOV, VOL. 47:1, p. 13-31 |
Index terms: | Agricultural industry Cost effectiveness Environmental protection Water pollution Baltic Sea |
Language: | eng |
Abstract: | This article aims at calculating cost-effective solutions to nutrient load reductions to the Baltic Sea, while taking into account the stochastic relationship between abatement measures and the corresponding impact on nutrient loads. The role of variance of loads from different regions as well as covariance between loads is explored analytically and empirically. The results indicate that the cost of reducing nutrient loads from agricultural sources and coastal point sources by 50% can be 80% higher if policy-makers care about load variation and the reduction should be reached with 95% certainty, compared to a situation where they do not care. |
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