IGF::OT::IGF THE OBJECTIVE OF THIS CONTRACT TASK IS TO DEVELOP A MORE COMPREHENSIVE AND RIGOROUS METHOD FOR…

Public award description

IGF::OT::IGF THE OBJECTIVE OF THIS CONTRACT TASK IS TO DEVELOP A MORE COMPREHENSIVE AND RIGOROUS METHOD FOR ASSESSING THE RELATIVE BENEFITS AND COSTS FOR THE ECONOMIC AND ENVIRONMENTAL IMPACT ANALYSES REQUIRED FOR U.S. COAST GUARD (USCG) REGULATORY DEVELOPMENT. THE GOAL IS TO AUGMENT OR REPLACE THE CURRENT RESPONSE BENEFIT-COST MODEL, WHICH PROVIDES AN INCOMPLETE AND SOMEWHAT SKEWED IMPACTS EVALUATION BECAUSE IT FAILS TO TAKE INTO ACCOUNT IMPORTANT FACTORS SUCH AS THE VALUE OF DAMAGE TO ECOSYSTEMS OR THE COSTS REQUIRED TO RESTORE LOST ECOSYSTEM FUNCTIONS, SERVICES AND VALUES. THIS REQUIREMENT BUILDS UPON PREVIOUS TECHNICAL SERVICES PERFORMED UNDER TASK ORDER HSCG23-13-F-MSR043 WHICH RESULTED IN DEVELOPMENT OF AN OFFSHORE ENVIRONMENTAL COST MODEL SPECIFICALLY ADAPTED FOR USCG USE (CG-OECM). THE CURRENT VERSION OF CG-OECM IS CAPABLE OF ASSESSING THE ENVIRONMENTAL AND SOCIAL COSTS OF INCIDENTS SUCH AS OIL SPILLS THAT MAY TAKE PLACE IN OUTER CONTINENTAL SHELF (OCS) WATERS.