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Cost-effectiveness of the Baltic Sea Action Plan

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  • Elofsson, Katarina

Abstract

The governments around the Baltic Sea have agreed on a new set of targets for nutrient load reductions. The major motive for this is new and better knowledge about the link between nutrient loads and water transparency in different parts of the sea. The Baltic Sea Action Plan (BSAP) defines target for transparency in different marine basins, the load reductions necessary to meet transparency targets and a scheme for the distribution of the abatement burden between countries adjacent to the sea. Using a spatially disaggregated cost-effectiveness model, this paper analyzes the environmental effects of a cost-effective policy for meeting BSAP targets under joint costs of reducing nitrogen and phosphorus loads. The marginal cost of nutrient reductions to different parts of the Baltic Sea is derived and the potential cost savings from basin-wide nutrient load permit trade are investigated. The results show that cost-effective fulfillment of BSAP's load targets can imply that water transparency is improved beyond the target levels due to joint reductions of nitrogen and phosphorus. This suggests that costs could be saved through an adjustment of the basin-wise load reduction targets, while still meeting targets for water transparency. The analysis shows that well-functioning load permit trade can reduce the total annual cost of meeting the BSAP's basin targets by 16%, corresponding to 724 million [euro] per year.

Suggested Citation

  • Elofsson, Katarina, 2010. "Cost-effectiveness of the Baltic Sea Action Plan," Marine Policy, Elsevier, vol. 34(5), pages 1043-1050, September.
    • Handle: RePEc:eee:marpol:v:34:y:2010:i:5:p:1043-1050
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    Cited by:

    1. Noelia Guaita-García & Julia Martínez-Fernández & Carlos Javier Barrera-Causil & Miguel Ángel Esteve-Selma & H. Carl Fitz, 2021. "Local perceptions regarding a social–ecological system of the mediterranean coast: the Mar Menor (Región de Murcia, Spain)," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(2), pages 2882-2909, February.
    2. Sami Hautakangas & Markku Ollikainen, 2019. "Nutrient Trading Between Wastewater Treatment Plants in the Baltic Sea Region," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(2), pages 533-556, June.
    3. George Marbuah & Ing-Marie Gren & Kristina Tattersdill & Brendan G. McKie, 2019. "Management of an Aquatic Invasive Weed with Uncertain Benefits and Damage Costs: The Case of Elodea Canadensis in Sweden," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 5(03), pages 1-26, July.
    4. Gren, Ing-Marie & Ang, Frederic, 2019. "Stacking of abatement credits for cost-effective achievement of climate and water targets," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    5. Balana, Bedru Babulo & Vinten, Andy & Slee, Bill, 2011. "A review on cost-effectiveness analysis of agri-environmental measures related to the EU WFD: Key issues, methods, and applications," Ecological Economics, Elsevier, vol. 70(6), pages 1021-1031, April.
    6. Kari Hyytiäinen & Lassi Ahlvik & Heini Ahtiainen & Janne Artell & Anni Huhtala & Kim Dahlbo, 2015. "Policy Goals for Improved Water Quality in the Baltic Sea: When do the Benefits Outweigh the Costs?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(2), pages 217-241, June.

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