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  • Economic Considerations For DSM

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    Seni Nabou
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    Economic considerations for deep sea mining include accounting for potential costs and benefits to determine proper levels of investment, understand future outcomes, and plan taxation. Key factors to consider are jobs, taxes, profits, price and environmental effects, competing uses like tourism and fishing, non-market values like biodiversity and cultural values, potential environmental impacts, and how the costs and benefits may change over time as prices, technology and environmental recovery evolve. A comprehensive economic analysis requires considering many interrelated dimensions over both the short and long term.

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    Economic Considerations for DSM

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    Economic considerations for deep sea mining include accounting for potential costs and benefits to determine proper levels of investment, understand future outcomes, and plan taxation. Key factors to consider are jobs, taxes, profits, price and environmental effects, competing uses like tourism and fishing, non-market values like biodiversity and cultural values, potential environmental impacts, and how the costs and benefits may change over time as prices, technology and environmental recovery evolve. A comprehensive economic analysis requires considering many interrelated dimensions over both the short and long term.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    38 Ansichten14 Seiten

    Economic Considerations For DSM

    Hochgeladen von

    Seni Nabou
    Economic considerations for deep sea mining include accounting for potential costs and benefits to determine proper levels of investment, understand future outcomes, and plan taxation. Key factors to consider are jobs, taxes, profits, price and environmental effects, competing uses like tourism and fishing, non-market values like biodiversity and cultural values, potential environmental impacts, and how the costs and benefits may change over time as prices, technology and environmental recovery evolve. A comprehensive economic analysis requires considering many interrelated dimensions over both the short and long term.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 14

    Economic Considerations for Deep Sea Mining

    SPC-EU EDF10 Deep Sea Minerals Project Nadi, Fiji June 2011

    Linwood Pendleton Director Ocean and Coastal Policy Duke University

    Why an Economic Analysis?


    Make sure you account for (most) possible costs and benefits? market, non-market social, environmental Set proper expectations Determine proper levels of investment Not maximize investment Choose best investment How to reinvest What to tax, when Understand future outcomes Plan

    Technology

    Consumers Processing

    Agriculture

    Ship/Port
    (crew, maintenance, support)

    Mining Fiscal Policy Royalties, taxes

    Equipment Manufacturer

    Money versus Value


    MONEY: Gross revenues VALUE (Added and Lost) - Profits (rent) - Price Effects * for metal buyers * for locals wages materials and scarce resources - Environmental and Social Effects

    Follow the Money: Benefits, Costs, Transfers


    subsidies (tax holiday) taxes jobs (benefit, cost) multipliers leakage schools, health centers, etc. mitigation (compensation) costs enforcement administration and bureaucracy

    ID O V

    NOAA OAR

    Competing and Complementary Uses


    Mining Processing Tourism Fishing Research

    Non-Market Considerations

    Existence Value?
    Charismatic habitat or species? Scarce? Scale?

    NOAA OAR

    Other Non-Use, Future Use, and Option Values

    Medicinal Values Biotechnology (hemoglobin) Biodiversity Value Cultural Values

    Other Environmental Effects


    Impacts on Ecosystem Services Cumulative Effects -sound - light Carbon Effects ? Compared to ...? Time to recovery

    www.marineecosystemservices.org

    Where are the environmental impacts?


    Technology Consumers Processing Ship/Port
    (maintenance, crew, support)

    Agriculture

    Mining

    Equipment Manufacturer

    Time
    Prices Technology and costs Jobs Environmental costs - Recovery or irreversible Wellbeing

    Its Complicated
    Economic assessment has many dimensions - jobs, taxes, profit - value How much wealth do you need? How will mining affect future values, development, societal goals, happiness Time (sustainability of benefits, not activity) Don't be so sure ... - think ahead - act - think again Think regionally (analysis)

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