Geology topics

Clyde F. Casey

Publications and source records attributed to Clyde F. Casey.

3 recordsLinked to original sources

USGS2022

Opportunities for businesses to use and support development of SEEA-aligned natural capital accounts

Global understanding of the interconnections between the environment and economy has increased, driving the development of frameworks and standards that support the measurement and valuation of natural capital and ecosystem services by both governments and businesses. This paper outlines how businesses can use natural capital accounts (NCA) aligned to the System of Environmental Economic Accounting (SEEA) standard described in this special issue to support identification, management, and valuation of natural capital not typically listed on corporate balance sheets. Such accounts have direct applications for business strategic planning, investment decisions, supply chain management , operations management, risk management, and corporate reporting. Businesses also have important roles to play in advancing SEEA-aligned NCA by providing information that would be useful to include in the accounts and by helping to shape accounts to provide decision-relevant information for both the private and the public sectors. Current pilot SEEA-aligned NCA data and analyses developed for the United States can help address some of the common challenges that businesses face in using natural capital data such as accessibility, quality, and credibility, important for business decision making. However, improvements are needed to fill data gaps and produce more frequent and timely estimates aligned to the temporal resolution needed by businesses.

Ecosystem Services↗

USGS2021

Lessons learned from development of natural capital accounts in the United States and European Union

The United States and European Union (EU) face common challenges in managing natural capital and balancing conservation and resource use with consumption of other forms of capital. This paper synthesizes findings from 11 individual application papers from a special issue of Ecosystem Services on natural capital accounting (NCA) and their application to the public and private sectors in the EU and U.S. NCA is inherently a data-integration centered exercise, aiming to draw new insights by realigning environmental and economic data into a consistent framework. Drawing primarily on papers from the special issue and other key NCA literature, we identify lessons learned and gaps remaining for NCA’s development and application to decision making. In doing so, we identify eight key similarities and three major differences in NCA development, status, and application between the U.S. and EU. NCA can be highly policy relevant: special issue papers address critical issues including agriculture, water, conservation/land-use planning, climate, and corporate decision making. In both the U.S. and EU, further application is needed to drive demand for the accounts’ production. Based on these experiences, the U.S. and EU can be important leaders in cross-sector, international collaboration toward next-generation environmental economic accounts that advance global NCA practice.

Ecosystem Services↗

USGS2020

Economic valuation of health benefits from using geologic data to communicate radon risk potential

Background: Radon exposure is the second leading cause of lung cancer worldwide and represents a major health concern within and outside the United States. Mitigating exposure to radon is especially critical in places with high rates of tobacco smoking (e.g., Kentucky, USA), as radon-induced lung cancer is markedly greater among people exposed to tobacco smoke. Despite homes being a common source of radon exposure, convincing homeowners to test and mitigate for radon remains a challenge. A new communication strategy to increase radon testing among Kentucky homeowners utilizes fine-scale geologic map data to create detailed radon risk potential maps. We assessed the health benefits of this strategy via avoided lung cancer and associated premature mortality and quantified the economic value of these benefits to indicate the potential utility of using geologic map data in radon communication strategies. Methods: We estimated the change in radon testing among all 120 counties in Kentucky following a new communication strategy reliant on geologic maps. We approximated the resultant potential change in radon mitigation rates and subsequent expected lung cancer cases and mortality avoided among smokers and non-smokers exposed to ≥4 pCi/L of radon in the home. We then applied the value of a statistical life to derive the economic value of the expected avoided mortality. Results: The new communication strategy is estimated to help 75 Kentucky residents in one year avoid exposure to harmful radon levels via increased testing and mitigation rates. This equated to the potential avoidance of approximately one premature death due to lung cancer, with a net present value of \$3.4 to \$8.5 million (2016 USD). Conclusions: Our analysis illustrates the potential economic value of health benefits associated with geologic map data used as part of a communication strategy conveying radon risk to the public. Geologic map data are freely available in varying resolutions throughout the United States, suggesting Kentucky’s radon communication strategy using geologic maps can be employed in other states to educate the public about radon. As this is only a single application, in a single state, the economic and health benefits of geologic map data in educating the public about radon are likely to exceed our estimates.

Kentucky↗