Environment
UHERO 101.12: What is the Value of the Environment?
By Cheryl Geslani The Earth’s environment is divided into different combinations of living organisms and their nonliving surroundings: air, water and soil. These different organic communities are called ecosystems. Humans receive benefits from these ecosystems in the form of “ecosystem services”, a term that covers a range of benefits from artistic inspiration to soil detoxification. […]
Read MoreHow Do We Manage Our Interdependent Environmental Resources?
By Christopher Wada Managing water resources requires an understanding of the linkages between key hydrologic factors and direct human influences. The problem is further complicated by the fact that water resources are often interdependent, which suggests that management should also account for ecological interlinkages. For example, a forested upstream watershed may replenish an underlying groundwater […]
Read MoreIncentivizing interdependent resource management: watersheds, groundwater, and coastal ecology
Managing water resources independently may result in substantial economic losses when those resources are interdependent with each other and with other environmental resources. We first develop general principles for using resources with spillovers, including corrective taxes (subsidies) for incentivizing private resource users. We then analyze specific cases of managing water resources, in particular the interaction […]
Read MoreGroundwater Economics without Equations
In many parts of the world, irrigation and groundwater consumption are largely dependent on groundwater. Minimizing the adverse effects of water scarcity requires optimal as well as sustainable groundwater management. A common recommendation is to limit groundwater extraction to maximum sustainable yield (MSY). Although the optimal welfare-maximizing path of groundwater extraction converges to MSY in […]
Read MoreOptimal Joint Management of Interdependent Resources: Groundwater vs. Kiawe (Prosopis pallida)
Local and global changes continue to influence interactions between groundwater and terrestrial ecosystems. Changes in precipitation, surface water, and land cover can affect the water balance of a given watershed, and thus affect both the quantity and quality of freshwater entering the ground. Groundwater management frameworks often abstract from such interactions. However, in some cases, […]
Read MoreThe Good, Bad, and Ugly of Watershed Management
Efficient management of groundwater resource systems requires careful consideration of relationships — both positive and negative — with the surrounding environment. The removal of and protection against “bad” and “ugly” natural capital such as invasive plants and feral animals and the enhancement of “good” capital (e.g. protective fencing) are often viewed as distinct management problems. […]
Read MoreLiquefied Natural Gas: A cleaner fossil fuel that’s cheaper than oil and pairs well with renewable energy
By Sherilyn Wee and Michael Roberts Spurred by low natural gas prices and a maturing market for liquefied natural gas (LNG), Hawai‘i Gas received their first shipment of LNG in containers in early April. In phase one of the gas utility’s plan, LNG serves as a backup fuel for locally produced synthetic natural gas (SNG). […]
Read MoreIntergenerational equity with individual impatience in a model of optimal and sustainable growth
Among the ethical objections to intergenerational impartiality is the violation of consumer sovereignty given that individuals are impatient. We accommodate that concern by distinguishing intra- and inter-generational discounting in an overlapping generations model suitable for analyzing sustainability issues.
Read MoreManaging a Grid with Green Energy
By Michael Roberts The calculator in the last post shows that installing solar is an incredibly valuable investment for households and businesses with the physical and financial ability to do it. The gains are so large that some wonder why the state is nearly breaking its budget to subsidize what would still, even without the […]
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