RESTORATION AND NATURAL RESOURCE DAMAGE ASSESSMENT

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Abstract
To date, the focus of damage assessment has tended to be either on economic valuation of lost services in monetary terms or on scientific studies of resource restoration. This paper suggests an alternative approach that integrates legal concepts based on the public trust doctrine, economic methods of determining compensation, and scientific approaches to restoration. The approach is based on a definition of restoration as a remedy for oil spill damages which identifies alternative restoration actions that provide resource services that are “equally desirable” to society as those lost due to the spill. The least costly of these alternatives is then selected as the cost-effective means of making the public whole.

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