An Updated Analysis of IOPCF Oil Spill Data: Estimation of the Disutility Cost of Tanker Oil Spills

Christos A. Kontovas, N.P. Ventikos, Harilaos N. Psaraftis

Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

Abstract

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.
Original languageEnglish
Title of host publicationSustainable Maritime Transportation and Exploitation of Sea Resources
EditorsEnrico Rizzuto, Carlos Guedes Soares
PublisherTaylor and Francis Group
Publication date2012
Pages921-929
ISBN (Print)978-0-415-62081-9
DOIs
Publication statusPublished - 2012
Externally publishedYes
EventIMAM 2011: The International Maritime Association of the Mediterranean - Genoa, Italy
Duration: 13 Sep 201116 Sep 2011

Conference

ConferenceIMAM 2011
CountryItaly
CityGenoa
Period13/09/201116/09/2011

Cite this

Kontovas, C. A., Ventikos, N. P., & Psaraftis, H. N. (2012). An Updated Analysis of IOPCF Oil Spill Data: Estimation of the Disutility Cost of Tanker Oil Spills. In E. Rizzuto, & C. G. Soares (Eds.), Sustainable Maritime Transportation and Exploitation of Sea Resources (pp. 921-929). Taylor and Francis Group. https://doi.org/10.1201/b11810-137