e-journal
Economic Analysis and Species at Risk: Lessons Learned and Future Challenges
The Canadian Species at Risk Act (SARA) has been in existence for 13 years. It was, and in many
ways continues to be, controversial. The U.S. Endangered Species Act (ESA) originated in 1973 and
has also been controversial. In the 1990s, concerns were raised by economists in Canada and the United
States on the design of endangered species (ES) policy. Their concerns surrounded the reconsideration
of the ESA and the establishment of SARA. What have we learned since the implementation of SARA
over this time? How has the U.S. experience with the ESA informed SARA and its approach? How has
the role of economic analysis in ES policy evolved? What continue to be the challenges and what are
the opportunities? This paper reviews the concerns raised in the past, and evaluates the lessons learned
regarding economics and ES. The unique aspects of the economic analysis of ES problems relative to
other environmental concerns are outlined. The paper concludes with a discussion of ways to lessen
the tension in debate about the role of economics in ES policy, and embrace the potential for more
effective policy analysis and design through integration of economic analysis into conservation policy.
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