JOURNAL ARTICLE

Expected direct costs of an oil spill in a UNESCO World Heritage area in New Zealand.

  • Published In: Australian Journal of Agricultural & Resource Economics, 2024, v. 68, n. 3. P. 608 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Egan, Alexandra L.; Chilvers, B. Louise; Cassells, Sue 3 of 3

Abstract

Fiordland National Park is a UNESCO site located in the remote, southwest of New Zealand's South Island, which attracts hundreds of thousands of visitors every year. One of its leading attractions is Milford Sound. An oil spill in this area could not only impact the industries that operate in Milford Sound but also impact all of the park. To improve the knowledge base about this area in regard to oil spills and policies regarding ship visitation, this study aimed to estimate the costs of clean‐up, impacts to fisheries, tourism, recreation and the wildlife/environment under three oil spill scenarios in Milford Sound. Minimum costs are estimated at NZD 140–154 million. These results demonstrate the need for proper planning and response measures, and appropriate domestic and international policies to help minimise the potential damages that may occur in the event of an oil spill in a remote and pristine area of New Zealand. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Australian Journal of Agricultural & Resource Economics. 2024/07, Vol. 68, Issue 3, p608
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • ISSN:1364-985X
  • DOI:10.1111/1467-8489.12569
  • Accession Number:178333374
  • Copyright Statement:Copyright of Australian Journal of Agricultural & Resource Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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