ENV201H5 Lecture Notes - Lecture 7: Discount Window, Ecosystem Services, Life-Cycle Assessment
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22094$ representing ecosystem: the value of trees in a urban area. Acknowledge services - ecosystem services they provide filter air pollution: example: urban trees, shade and wind protection, co2reduction, storm water runoff reduction, mental and physical well-being. Monetary benefit examples: trees remove 5575 metric tons of air pollutants = . 2 million: 3 tree per building lot = to 90/ year on heating and cooling costs, benefits-costs = / tree. Consuming arsenic can have health consequences like headaches and nausea or bladder and lung cancer. 1 in 5million risk they may die , how much will you want to be compensated. The value of human life. c. survey people on how much they would be willing to pay: example protecting endangered species population. Step 2: factor in long-term costs and benefits- once come up with the dollar figure of cost and benefits to adopt a regulation. Discount rate: the rate used to calculate future costs and benefits in today"s dollars.
