Economics of Natural Resource Damage Assessments

Cardno ENTRIX has established a major presence in the NRDA community providing experienced support for both oil spill and contaminated site damage assessments at ground water, surface water, soil, and sediment contamination sites. Over the years, our staff has participated in NRDAs at some 45 sites and 50 spills in more than 30 states. Cardno ENTRIX’s NRDA work complements and augments those of our clients and partners—providing greater opportunities for sustainable remediation, cost-effective resource restoration, brownfield redevelopment, productive land reuse, and the realization of the value of ecosystem services on the bottom line. 

Economics is critical to Cardno ENTRIX’s NRDA approach.  Cardno ENTRIX economists specialize in an array of services including the estimation of diminution of property values, scaling of compensatory restoration for ecological injuries using economic methods, as well as habitat equivalency analysis (HEA) and resource equivalency analysis (REA), remedial action and risk management activities, as well as the integration of NRDA considerations with remedial investigations and feasibility studies. 

With over 20 economists on staff, Cardno ENTRIX can provide highly specialized services offered by only a few economics groups.  We regularly conduct HEA and REA which are used to evaluate injury to wildlife and to value and scale ecological restoration. We also have extensive experience with Net Environmental and Community Benefit Analysis (NECBA) which is used to identify optimal remedial options in uncertain environments.  Another specialty offering, our Chemical Oil Spill Impact Model (COSIM), is a 3-D model of transport, fate and effects (TFE) used in predictive modeling and post incident economic assessment of waterborne spills.  Our economics practice affords clients and related stakeholders a clearer picture of actual ecological impacts and opportunities for optimal environmental remediation.

Related Services:	Project Examples:
Water Valuation Recreational Valuation Net Environmental and Community Benefits Analysis (NECBA) Habitat Equivalency Analysis (HEA) Resource Equivalency Analysis (REA) Chemical Oil Spill Impact Model (COSIM) Property Diminution Survey Design and Focus Groups Feasibility Studies of Remedial Alternatives Commercial and Third Party Claims Potentially Responsible Party (PRP) Allocation/Litigation Support	Chevron South Valley Ground Water Case Buzzards Bay Oil spill MV Stuyvesant Spill Chalk Point Oil Spill
Related Brochures:
Chemical Oil Spill Impact Modeling Habitat Equivalency Analysis