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Cost‐benefit analysis of soil remediation in I sraeli industrial zones
Author(s) -
Lavee Doron,
Ash Tomer,
Baniad Gilat
Publication year - 2012
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/j.1477-8947.2012.01462.x
Subject(s) - environmental remediation , soil contamination , environmental science , soil remediation , cost–benefit analysis , contamination , pollution , cost benefit , business , contaminated land , natural resource economics , environmental protection , environmental engineering , soil water , economics , risk analysis (engineering) , soil science , ecology , biology
Industrial zones are the main source of soil pollution in I srael. Due to the upcoming approval of the bill on soil contamination and remediation in I srael, it is important to assess the economic feasibility of soil remediation. This study examines the economic feasibility of an extensive remediation project of all contaminated industrial zones in I srael. The estimated economic benefits include both direct benefits, resulting from the increase in the land value of the contaminated site, and indirect benefits, arising from the increase in nearby property values. A cost‐benefit analysis showed a cost benefit ratio of 1:14. Nonetheless, the direct benefits were found to be lower than the costs. Thus, the question of funding requires collaboration between government and the private sector.