PS5_spring2006solutions - EEP101/ECON125 Spring 2006...

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EEP101/ECON125 Spring 2006 Problem Set 5 (Due Tuesday, May 9th in class) PLEASE WRITE YOUR NAME, SID, AND SECTION NUMBER ON EACH PAGE. Question 1 Provision and management of environmental services has emerged as one of the most influential topics in environmental and resource economics. I. Briefly explain what we are referring to when we talk about environmental services? ± Conservation and preservation ± Storage and stabilization ( e.g. water, carbon ) ± Risk reduction (flood control, protection from fire) ± Natural resources quality enhancement ± Amenity creation, restoration, enhancement II. In this context, briefly define and describe the policy objective of the following programs: a) The Conservation Reserve Program (CRP) CRP pays rents and cost-share assistance for long-term, land conversion from farming conservation b) Environmental Quality Incentives Program (EQIP) EQIP pays for adoption of conservation practices in livestock or agriculture . c) Wetlands Reserve Program The Wetlands Reserve Program is offering landowners the opportunity to protect, restore, and enhance wetlands on their property. d) Conservation Security Program (CSP) CSP provides financial and technical assistance to promote the conservation and improvement of soil, water, air, energy, plant and animal life, and other conservation purposes on Tribal and private working lands.
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This note was uploaded on 08/01/2008 for the course ECON 101 taught by Professor Wood during the Spring '07 term at University of California, Berkeley.

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PS5_spring2006solutions - EEP101/ECON125 Spring 2006...

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