Beyond any doubt, the cost of an oil spill is very difficult to be estimated. The approach used in this work is based on the assumption that the cost of an oil spill can be approximated by the compensation eventually paid to claimants. A series of regression analyses of the total costs have been carried out based on the latest available data. These analyses and their results can provide useful insights to the discussion on environmental risk evaluation criteria and in policy evaluation regarding the oil pollution of the marine environment by estimating the damage cost of oil spills and, thus, the benefit from relative regulations that deal with the prevention of oil pollution in cost effectiveness and cost benefit analysis.
|Title of host publication||Sustainable Maritime Transportation and Exploitation of Sea Resources|
|Editors||Enrico Rizzuto, Carlos Guedes Soares|
|Publisher||Taylor and Francis Group|
|Publication status||Published - 2012|
|Event||IMAM 2011: The International Maritime Association of the Mediterranean - Genoa, Italy|
Duration: 13 Sep 2011 → 16 Sep 2011
|Period||13/09/2011 → 16/09/2011|