LSI 2010 NRD Santa Fe final conference binder 072110.pdf

Angus Macbeth of Sidley Austin LLP Speaker 24a: 7
PROJECT-BASED ASSESSMENT METHODOLOGIES
Conjoint Analysis
Like contingent valuation, conjoint analysis is a stated preference method. However, instead of
seeking to value natural resource service losses in strictly economic terms, conjoint analysis
compares natural resource service losses that arise from injury to natural resource service gains
produced by restoration projects.
Habitat Equivalency Analysis
May be used to compare the natural resource services produced by habitat or resource-based
restoration actions to natural resource service losses.
Resource Equivalency Analysis
Similar to habitat equivalency analysis. This methodology may be used to compare the effects of
restoration actions on specifically identified resources that are injured or destroyed.
Random Utility Model
Can be used to: (A) Compare restoration actions on the basis of equivalent resource services
provided; and (B) Calculate the monetary value of lost recreational services to the public.
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NEW JERSEY
U.S. v. Beckman-Coulter (D.N.J. 2009)
Coombe Fill south Superfund Site.
Approx. 300 defendants will pay U.S. and New Jersey $69 million in cleanup costs,
more than $3 million in NRD and buy a $27 million annuity for future clean up and
costs.
The state program continues – see Brad Martin’s write up.
Restoration Projects on the web. Go to The Conservation Exchange – Archive for
the NRD settlement candidage projects.
www.njconservationexchange.org/category/nrd-settlement-project;
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Law Seminars International | Natural Resource Damages | 07/16/10 in Santa Fe, NM