Econ. Environ. Geol. 2013; 46(1): 85-91

Published online February 28, 2013

© THE KOREAN SOCIETY OF ECONOMIC AND ENVIRONMENTAL GEOLOGY

Losses of Indirect Use and Non-Use Values of Groundwater or Environmental Challenges in Terms of the Inaction Costs of OECD

Eun-Young Ahn1* and Sun Geun Kim2

1Korea Institute of Geoscience and Mineral Resources (KIGAM), 30 Gajeong-dong, Yuseong-gu, Daejeon 305-350, Korea
2Daejeon University, 62 Daehak-ro, Dong-gu, Daejeon 300-716, Korea

Correspondence to :

Eun-Young Ahn

eyahn@kigam.re.kr

Received: February 2, 2013; Accepted: February 20, 2013

Abstract

OECD(2008) gives the concepts of inaction costs on key environmental challenges including: direct financial costs; total financial costs; total use costs; and total social welfare costs. In analyzing the losses of environmental goods’ various values conducted by domestic and foreign researchers, this study suggests the value-cost category of OECD(2008) and other studies; and the indirect use and non-use values of groundwater and other natural environment using the concepts of inaction costs. The studies on the damages and their relationships among human, property, and ecosystem are essential to monetary valuation on the qualitative or quantitative degradation of groundwater and other natural environment.

Keywords inaction cost, groundwater, indirect use value, non-use value

Article

Econ. Environ. Geol. 2013; 46(1): 85-91

Published online February 28, 2013

Copyright © THE KOREAN SOCIETY OF ECONOMIC AND ENVIRONMENTAL GEOLOGY.

Losses of Indirect Use and Non-Use Values of Groundwater or Environmental Challenges in Terms of the Inaction Costs of OECD

Eun-Young Ahn1* and Sun Geun Kim2

1Korea Institute of Geoscience and Mineral Resources (KIGAM), 30 Gajeong-dong, Yuseong-gu, Daejeon 305-350, Korea
2Daejeon University, 62 Daehak-ro, Dong-gu, Daejeon 300-716, Korea

Correspondence to:

Eun-Young Ahn

eyahn@kigam.re.kr

Received: February 2, 2013; Accepted: February 20, 2013

Abstract

OECD(2008) gives the concepts of inaction costs on key environmental challenges including: direct financial costs; total financial costs; total use costs; and total social welfare costs. In analyzing the losses of environmental goods’ various values conducted by domestic and foreign researchers, this study suggests the value-cost category of OECD(2008) and other studies; and the indirect use and non-use values of groundwater and other natural environment using the concepts of inaction costs. The studies on the damages and their relationships among human, property, and ecosystem are essential to monetary valuation on the qualitative or quantitative degradation of groundwater and other natural environment.

Keywords inaction cost, groundwater, indirect use value, non-use value

    KSEEG
    Apr 30, 2024 Vol.57 No.2, pp. 107~280

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