Encouraging wise use of flood plains with market-based incentives

Rather than imposing more stringent regulatory control to achieve wise use, market incentives can be used to encourage private interests to implement sustainable development, thereby preserving ownership equity and providing public benefits. Thus, environmental stewardship can work in concert with m...

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Bibliographic Details
Published in:Environment : science and policy for sustainable development 2002-01, Vol.44 (1), p.32-43
Main Authors: Sheaffer, John R, Mullan, J David, Hinch, Nathan B
Format: Article
Language:English
Subjects:
Disaster relief
Environmental policy
Flood control
Flood damage
Flood insurance
Floods
Levees & battures
Rain
Regulation
Storm damage
Stormwater management
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Summary:Rather than imposing more stringent regulatory control to achieve wise use, market incentives can be used to encourage private interests to implement sustainable development, thereby preserving ownership equity and providing public benefits. Thus, environmental stewardship can work in concert with market incentives to guide floodplain management policy toward the more comprehensive goal of wise use.
ISSN:0013-9157
1939-9154