BEGIN:VCALENDAR
VERSION:2.0
PRODID:Linklings LLC
BEGIN:VTIMEZONE
TZID:America/Chicago
X-LIC-LOCATION:America/Chicago
BEGIN:DAYLIGHT
TZOFFSETFROM:-0600
TZOFFSETTO:-0500
TZNAME:CDT
DTSTART:19700308T020000
RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=2SU
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:-0500
TZOFFSETTO:-0600
TZNAME:CST
DTSTART:19701101T020000
RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=1SU
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTAMP:20240516T165719Z
LOCATION:278-280
DTSTART;TZID=America/Chicago:20240515T141000
DTEND;TZID=America/Chicago:20240515T143000
UID:IOSC_IOSC 2024_sess151_PAPER130@linklings.com
SUMMARY:The direct costs associated with the New Zealand MV Rena oil spill
DESCRIPTION:Paper\n\nAlexandra L. Egan, B. Louise Chilvers, and Sue Cassel
 ls (Massey University) and John Rolfe (Central Queensland University)\n\nT
 he MV Rena ran aground off the coast of the Bay of Plenty, New Zealand on 
 the 5 October 2011, releasing over 350t of heavy fuel oil as well as vario
 us other contaminants. The environmental effects associated with this oil 
 spill are well documented, but the associated direct economic losses of th
 is oil spill have only recently been investigated; in addition to the limi
 ted economic studies done on oil spills of this size internationally. Expl
 oring the impacts to the local fisheries and tourism industry, as well as 
 clean-up/restoration costs and the loss of recreational value, gives a bet
 ter understanding of the consequences of this oil spill. Looking at pre- a
 nd post- spill trends for fishery landings and tourism spending, the losse
 s to these industries were estimated. The clean-up and restoration costs w
 ere gathered through the various government agencies involved (salvage cos
 ts were not included in this estimate). The losses to the recreational val
 ue of a highly impacted stretch of coastline was estimated via in-person s
 urveys and analysed using a combination of the individual travel cost and 
 contingent behaviour methods. Combined, the total direct costs associated 
 with the MV Rena oil spill can be conservatively estimated at NZD (2021) 9
 9.06-115.38 million. These findings provide critical cost estimates for a 
 medium sized oil spill that occurred within a country with a relatively sm
 all economy. This study aims to support and ensure the adoption of policie
 s that focus on prevention and preparedness for marine oil spills within N
 ew Zealand.\n\nTag: Restoration\n\nSession Chair: Meridena Kauffman (USCG)
URL:https://iosc2024.conference-program.com/presentation/?id=PAPER130&sess
 =sess151
END:VEVENT
END:VCALENDAR