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2018 Fourth Quarter Journal Reviews: Property Values

2018 Fourth Quarter Journal Reviews: Property Values

Property Value Impacts of Wind Turbines and the Influence of Attitudes toward Wind Energy Richard J. Vyn Land Economics, Volume 94, Number 4, November 2018, pp. 496-516 (Article) This article uses a hedonic analysis to investigate the effect of wind turbines on property values, and whether that effect seems to differ between communities that are …

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January 8: Crafting an Economically Sustainable Working Waterfront

January 8: Crafting an Economically Sustainable Working Waterfront

Date:  January 8, 2019 Time: 4:00PM Location:  Gulf of Maine Research Institute, 350 Commercial Street, Portland Dr. Rachel Bouvier will be the featured presenter at the next Waterfront Alliance Meeting on Tuesday, January 9th.  She will be joined by other community members as part of a discussion on the topic:  Crafting an Economically Sustainable Working …

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Defining Safety Levels for Particulates Could Hurt Your Health – and the Economy

Defining Safety Levels for Particulates Could Hurt Your Health – and the Economy

You’ve probably heard about some of the recent changes from the Environmental Protection Agency (EPA). But you might have missed the proposal about particulate matter (PM), since it didn’t get as much press. Or even if you saw it, you might not have recognized all the implications because they’re not immediately obvious. This proposal is …

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The Avoided Cost of Stormwater Remediation

The Avoided Cost of Stormwater Remediation

Here’s something to think about during the next rainstorm: where does all that rainwater go?  For most of us, it’s not something to which we give more than a passing thought. But if you’re concerned about saving money and protecting water quality, it’s worth a closer look. In many older New England towns, the infrastructure …

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Third Quarter Journal Review

Third Quarter Journal Review

1. “Estimating the Societal Benefits of Carbon Dioxide Sequestration Through Peatland estoration,” Ecological Economics Volume 154, December 2018, Pages 145-155, Emily Pindilli, Rachel Sleeter, Dianna Hogan We at rbouvier consulting are very interested in ecosystem restoration, and in particular, methods that economists might use to measure the benefits of ecosystem restoration.  This article presents an …

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Vulnerability Assessements: What are they and do you need one?

Vulnerability Assessements: What are they and do you need one?

Vulnerability assessments are a hot topic in sustainability and climate adaptation circles these days.  It is the process of looking at a system and trying to figure out what might make that system fail under particular circumstances so that you can begin to find ways to mitigate those possible failures.  The system might be anything …

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Second Quarter Journal Review

Second Quarter Journal Review

 1. The Economic Impacts of Climate Change: Richard S J Tol, Review of Environmental Economics and Policy, Volume 12, Issue 1, 1 February 2018, Pages 4–25, https://doi.org/10.1093/reep/rex027: This article focuses on aggregate indicators of the effects of climate change on total economic welfare and on the distribution of those welfare impacts. The author argues that …

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Is the proposed hybrid/electric vehicle tax a good idea?

Is the proposed hybrid/electric vehicle tax a good idea?

In February, Maine’s Governor LePage proposed implementing a fee on the owners of electric and hybrid vehicles.[1]  He is not alone – 17 other states have already implemented similar fees[2]).  It may seem, at first glance, to be yet another slap in the faces of “liberal-minded environmentalists.”  But giving the Governor the benefit of the …

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First Quarter Journal Highlights: Regulations Behaving Badly

First Quarter Journal Highlights: Regulations Behaving Badly

  A recent article in the Journal of Environmental Economics and Management (JEEM) coined a new (albeit clunky) phrase: the macroeconomic environmental rebound/backfire effect.  This effect occurs when a “green improvement,” such as an energy efficiency program, results in less of an environmental improvement than expected. This is not due to unrealistic expectations, but due …

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Keeping the Lights On Doesn’t Mean More Pollution

Keeping the Lights On Doesn’t Mean More Pollution

In August of 2017, Energy Secretary and former governor Rick Perry proposed to strengthen subsidies to coal- and nuclear-fueled electricity plants.  Why?  According to his proposal, coal and nuclear power plants are indispensable to our national security by virtue of the fact that they can store energy on-site. And, since the past few years have …

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