value of Superfund cleanups

evidence from United States Environmental Protection Agency decisions by Shreekant Gupta

Publisher: World Bank, Environmental Dept., Pollution and Environmental Economics Division, and Policy Research Dept., Environment, Infrastructure, and Agriculture Division in [Washington, DC]

Written in English
Published: Pages: 26 Downloads: 986
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  • United States.
  • Subjects:

    • United States. Environmental Protection Agency.,
    • Hazardous waste site remediation -- United States.
    • Edition Notes

      StatementShreekant Gupta, George Van Houtven and Maureen L. Cropper.
      SeriesPolicy research working paper ;, 1272, Policy research working papers ;, 1272.
      ContributionsVan Houtven, George., Cropper, Maureen L.
      LC ClassificationsHG3881.5.W57 P63 no. 1272
      The Physical Object
      Pagination26, [7] p. :
      Number of Pages26
      ID Numbers
      Open LibraryOL1191017M
      LC Control Number94181884

Superfund Cleanups and Infant Health Janet Currie, Michael Greenstone, Enrico Moretti. NBER Working Paper No. Issued in March NBER Program(s):Children, Environment and Energy, Health Care, Health Economics, Public Economics We are the first to examine the effect of Superfund cleanups on infant health rather than focusing on proximity to a site. Cleaning up Superfund W. KIP VISCUSI & JAMES T. HAMILTON T cleanup of hazardous wastes is the number one environmental concern of the Ameri-can people. The government's response: the Environmental Protection Agency (EPA) launched its Superfund program, which was established by Congress in and reformed in The Superfund program operates on the principle that polluters should pay for the cleanups, rather than passing the costs to taxpayers. The EPA searches for parties legally responsible for the contamination at sites, and it seeks to hold those parties accountable for the costs of investigations and cleanups. 1. Introduction. Superfund 1 legislation has exposed entities identified with contaminated sites to substantial contingent liabilities for environmental clean-up costs. Barth and McNichols () have demonstrated that firm value is associated with the existence of contingent Superfund liabilities. However, additional research is needed on the differential valuation of these by:

  Superfund's teenage years were marked by Congress' refusal to renew the chemical and oil fees that once provided steady money for cleanups. Carol Browner, then leading President Clinton's EPA, told reporters days before the tax expired that the program could continue for "probably 18 months or so" before running into trouble. The Christian Science Monitor is an international news organization that delivers thoughtful, global coverage via its website, weekly magazine, online daily edition, and email newsletters. A Tale Of Two Cleanups: Oil Sands Vs Mining. Twitter; like Superfund sites in the US. And it’s coming to pass. net-present value of money, technical arrogance, and regulatory capture.   “The risks [Superfund] addresses are worst-case, hypothetical present and future risks to the maximum exposed individual, i.e., one who each day consumes two liters of water contaminated by hazardous waste. The program at one time aimed to achieve a risk range in its cleanups adequate to protect the child who regularly ate liters of dirt ”.

Define cleanups. cleanups synonyms, cleanups pronunciation, cleanups translation, English dictionary definition of cleanups. n. 1. A thorough cleaning or ordering. "their improvements increased the value of the property" authorize "voluntary" cleanups as an alternative to involvement in Superfund;.   Shutdown suspends federal cleanups at contaminated Superfund sites At the EPA, the partial government closure has furloughed the bulk of the agency's roug employees. After an uptick in cleanups during the s, by the mid-aughts, the Superfund program was slowing down. Driven by the slow pace of Superfund cleanups, experts have been studying how to improve. Search for sites proposed to, currently on, and deleted from Superfund's National Priorities List (NPL) as well as sites being addressed under the Superfund Alternative Approach (SAA). Select a State After selecting a state, click Go to display sites in that state.

value of Superfund cleanups by Shreekant Gupta Download PDF EPUB FB2

The value of Superfund cleanups: evidence from United States Environmental Protection Agency decisions Author: Shreekant Gupta ; George Van Houtven ; Maureen L Cropper.

The results of this research are included in Superfund's Future, a book that will become an essential reference for all participants in the debate about one of the nation's most controversial environmental programs.

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Cited by: The value of superfund cleanups: evidence from U.S. Environmental Protection Agency decisions Article (PDF Available) January with 11 Reads How we measure 'reads'.

Downloadable. Under the Superfund law, the U.S. Environmental Protection Agency (EPA) is responsible for inspecting hazardous waste sites and for putting those with the most serious contamination problems on a national priorities list.

The EPA then oversees the cleanup of these sites, suing potentially responsible parties for the costs of cleanup when possible, and funding the cleanup Author: Gupta, Shreekant Van Houtven, George Cropper, Maureen L. Dec. Superfund Fact Book Summary The Superfund program is the principal federal effort for cleaning up hazardous waste sites and protecting public health and the environment from releases of hazardous substances.

Value of Superfund cleanups book Comprehensive Environmental Response, Compensation, and Liability Act of (CERCLA) established the program, and the Superfund Amendments and Reauthorization Act of.

The federal government wrapped up cleanups at six Superfund sites around the country in the budget year, the fewest since three inEPA online records showed. The Value of Superfund The U.S. Environmental Cleanups Protection Agency (EPA' has considered both cost and permanence in choosing Evidence from U.S Environmental among alternatives for cleaning up contaminated Protection Agency Decisions soil.

But the EPA is willing to pay large sums to incinerate Shreekant Gupta contaminated soil rather than. EPA’s Superfund Enforcement Cleanup Work map highlights current cleanup work at privately- and federally-owned Superfund sites across the country.

These cleanups are the result of the Agency’s work with responsible parties and federal entities to negotiate cleanup settlement agreements or issue orders to get the work done. A study estimated that cleanups reduced the risk of congenital anomalies in newly born babies living near sites by 20 to 25 percent.

Another study estimated that residential property values that were within three miles of a cleaned and delisted Superfund site increased by approximately 19 to 25 percent between and Superfund Trust Fund The Superfund Trust Fund was authorized in at $ billion.

The Superfund amendments in authorized the Trust Fund at $ billion. In Novembera third authorization added $ billion. Downloadable (with restrictions). This paper uses the housing market to develop estimates of the local welfare impacts of Superfund-sponsored cleanups of hazardous waste sites.

We show that if consumers value the cleanups, then the hedonic model predicts that they will lead to increases in local housing prices and new home construction, as well as the migration of individuals that place a high. Today, approximately 3, businesses are using cleaned up Superfund sites, generating annual sales exceeding $31 billion, and employing more t people.

In addition, residential property values near Superfund sites increased by 18 to 24 percent after a Superfund site was cleaned up and removed from our National Priorities List (NPL). EPA’s Principles for Greener Cleanups serve as the foundation for the Agency’s greener cleanup policy.

Among other things, the Principles establish a policy goal to evaluate cleanup actions comprehensively for the purpose of ensuring protection of human health and the environment and reducing the environmental footprint of cleanup activities, to the maximum extent g: Superfund.

A Community Guide to EPA’s Superfund Program. CERCLA is informally called Superfund. The Superfund program is administered by EPA in cooperation with parties to perform cleanups or reimburse the government for cleanups led by EPA.

What is Superfund. Superfund was established in by an act of Congress. 2 value and rent distributions. In particular, our baseline specification yields a deletion coefficient of at the 10th percentile indicating that taking a site through the entire NPL process will raise house values in the 10th percentile of the within-tract distribution by % relative to pre-final-assessment Size: 1MB.

Cutting Superfund’s budget will slow toxic waste cleanups, threatening public health and property values June 1, am EDT Katherine Kiel, College of the Holy CrossAuthor: Katherine Kiel. The Superfund removal program conducts emergency and shorter-term responses when contamination poses an imminent and substantial threat to human health or the environment.

The Superfund remedial program is responsible for long-term cleanups of contaminated sites. This report shares the fiscal year (FY) accomplishments of the Superfund program.

USA Superfund Managed Futures Mutual Fund PO Box Orchard Park, NY Tel: +1 Fax: +1 [email protected] How are communities affected by Superfund cleanups. The idea of having hazardous waste in your community may be troubling, and the effects of such contamination vary from site to site.

Some communities experience health problems, while others experience depressed property values and losses of tax revenue as sites remain unoccupied and unused. The administration called Superfund cleanups part of the core mission of the EPA. But Mr. Trump's budget proposal for next year calls for slashing money for the Superfund program by $ million.

The question of which approach is the right one is in fact a philosophical issue, tied to individual values and definitions of success for the Superfund program. For example, the book strongly reflects the authors’ view that Superfund should target–and be judged by–how site cleanups address “population risk”: the total number of.

Messer et al. look at three Superfund sites (in California, New Jersey, and Massachusetts) over a period of up to 30 years and find that property values do continue to decline until 5–10 years after cleanup is complete.

They argue, in contrast, with other studies that media attention decreases property values rather than lowering risk perception. Despite its name, the program has suffered from under-funding, and Superfund NPL cleanups have decreased to a mere 8 inout of over 1, The EPA and state agencies use the Hazard Ranking System (HRS) to calculate a site score (ranging from 0 to ) based on the actual or potential release of hazardous substances from a d by: the 96th United States Congress.

Toxic Superfund Cleanups Decline to More Than Year Low The Trump administration completed the fewest cleanups of toxic Superfund sites in.

Superfund was established in to deal with closed and abandoned hazardous waste sites. Given the large amounts of money being spent on cleanups of Superfund sites, one might hope that the money is being spent in a cost-effective manner, but there is little evidence that the estimated benefits from cleanup affect the cleanup decision.

We apply the hedonic method to house prices to Cited by: Cleanups at Federal Facilities Learn about contaminated federal facility sites in specific communities, access technical fact sheets and find tools and resources to help government agencies and their contractors fulfill cleanup obligations.

Superfund cleanups protect communities’ health, environment and economic wellbeing. The study Superfund Cleanups and Infant Health, shows that investment in Superfund cleanups reduces the incidence of congenital abnormalities in infants by as much as 25.

“We have Superfund sites, but we don’t have a super fund.” At many contaminated sites around the country, the EPA can legally force companies responsible for the pollution to pay for cleanups.

• Superfund Today • Property Issues • a cA Q cA Cat ct\ a What can I do if my property value goes down because of a Superfund site. Property owners may want to consult with local government officials about the possibility of property tax abatements or adjustments, based on impacts on property values from pollution concerns; however, this is beyond the authority of the federal.

@article{osti_, title = {Superfund manual: Legal and management strategies. edition}, author = {Hall, Jr, R M}, abstractNote = {This book is essential for any responsible business seeking to identify and minimize risks arising out of potential CERCLA liability.

This new 6th edition brings you up-to-date on the latest Superfund regulations, case law, and implementation policies, and. Perhaps the most interesting — and likely the most challenging to navigate — aspect of President Trump’s proposed changes to Superfund Site cleanups is the additional liability relief it gives to states and municipalities that acquire contaminated property.In many ways, Superfund has made the environment a more dangerous place.

Fear of unlimited liability has scared off private businesses from doing voluntary cleanups.Approximately $30 billion ($) has been spent on Superfund clean-ups of hazardous waste sites, and remediation efforts are incomplete at roughly half of the 1, Superfund sites.

This study estimates the effect of Superfund clean-ups on local housing price appreciation. We compare housing price.