Fishing for litter: A cost-benefit analysis of how to abate ocean pollution

MPRA Paper from University Library of Munich, Germany

Abstract: Marine plastics inflict annual damages of nearly $2bn on the marine economy. These damages may now be mitigated by a novel scheme that proposes to recover marine plastics. While a range of uses exist for recovered marine plastics; this research finds that none are profitable. While not financially viable, the scheme is found to be economically viable given the significant damages from marine plastics on the marine economy. Implications from this research for the future of pollution abatement are remarked upon.

Keywords: Cost-benefit analysis; recycling; marine plastics. (search for similar items in EconPapers)
JEL-codes: H23 Q5 Q58 (search for similar items in EconPapers)
Date: 2018-09-05
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92298

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