Menu
Home
Log in / Register
 
Home arrow Environment arrow Marine Anthropogenic Litter

The Economics of Marine Litter

Abstract This chapter aims to provide an overview of research into quantifying the economic impacts of marine litter. From an environmental economics perspective it introduces the difficulties in measuring the economic costs of marine litter; reviews those sectors where these costs are notable; and considers policy instruments, which can reduce these costs. Marine litter is underpinned by dynamic and complex processes, the drivers and impacts of which are multi-scalar, transboundary, and play out in both marine and terrestrial environments. These impacts include economic costs to expenditure, welfare and lost revenue. In most cases, these are not borne by the producers or the polluters. In industries such as fisheries and tourism the costs of marine litter are beginning to be quantified and are considerable. In other areas such as impacts on human health, or more intangible costs related to reduced ecosystem services, more research is evidently needed. As the costs of marine litter are most often used to cover removing debris or recovering from the damage which they have caused, this expenditure represents treatment rather than cure, and although probably cheaper than inaction do not present a strategy for cost reduction. Economic instruments, such as taxes and charges addressing the drivers of waste, for instance those being developed for plastic bags, could be used to reduce the production of marine litter and minimise its impacts. In any case, there remain big gaps in our understanding of the harm caused by marine litter, which presents difficulties when attempting to both quantify its economic costs, and develop effective and efficient instruments to reduce them.

Keywords Marine litter Environmental economics Economic instruments Plastic bags Waste Polluter pays

Introduction

In addition to the environmental and health issues discussed in previous book sections (Galloway 2015; Kühn et al. 2015), marine litter can cause a range of economic impacts that both increase the costs associated with marine and coastal activities, and reduce the economic benefits derived from them. This chapter aims to provide an overview of the results of research performed to date, which has attempted to quantify the economic impact of marine litter. It provides a brief analysis of the marine litter problem from an environmental economics perspective, and discusses the use and design of economic-based policy instruments to tackle the problem.

 
Found a mistake? Please highlight the word and press Shift + Enter  
< Prev   CONTENTS   Next >
 
Subjects
Accounting
Business & Finance
Communication
Computer Science
Economics
Education
Engineering
Environment
Geography
Health
History
Language & Literature
Law
Management
Marketing
Mathematics
Political science
Philosophy
Psychology
Religion
Sociology
Travel