The value of natural environments in the extraction of finite energy resources: A method of valuation

Dodo J. Thampapillai*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

The value of the natural environment is invariably excluded from the costing of finite energy resources due to difficulties associated with noncommensurability. This paper illustrates a method of valuation for strip mining coal in a virgin natural environment. The method is based on the principles of irreversibility and opportunity costs. Although the values derived represent a bottom threshold, their inclusion would prompt an improvement in the allocation of scarce resources for the development of energy technologies.

Original languageEnglish
Pages (from-to)527-538
Number of pages12
JournalInternational Journal of Energy Research
Volume12
Issue number3
DOIs
Publication statusPublished - 1988
Externally publishedYes

Keywords

  • Irreversibility
  • Natural environment
  • Opportunity cost
  • Strip mining

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