Applying geologic sensitivity analysis to environmental risk management: The financial implications
The financial risks associated with environmental contamination can be staggering and are often difficult to identify and accurately assess. Geologic sensitivity analysis is gaining recognition as a significant and useful tool that can empower the user with crucial information concerning environmental risk management and brownfield redevelopment. It is particularly useful when (1) evaluating the potential risks associated with redevelopment of historical industrial facilities (brownfields) and (2) planning for future development, especially in areas of rapid development because the number of potential contaminating sources often increases with an increase in economic development. An examination of the financial implications relating to geologic sensitivity analysis in southeastern Michigan from numerous case studies indicate that the environmental cost of contamination may be 100 to 1,000 times greater at a geologically sensitive location compared to the least sensitive location. Geologic sensitivity analysis has demonstrated that near-surface geology may influence the environmental impact of a contaminated site to a greater extent than the amount and type of industrial development.
- Research Organization:
- Clayton Environmental Consultants, Novi, MI (US)
- OSTI ID:
- 20003257
- Report Number(s):
- CONF-990608-; TRN: IM200003%%92
- Resource Relation:
- Conference: Air and Waste 92nd Annual Meeting and Exhibition, St. Louis, MO (US), 06/20/1999--06/24/1999; Other Information: 1 CD-ROM. Operating Systems: Windows 3.1, '95, '98 and NT; Macintosh; and UNIX; PBD: 1999; Related Information: In: Air and Waste 92nd annual meeting and exhibition proceedings, [9500] pages.
- Country of Publication:
- United States
- Language:
- English
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