Kimberly M.S. Cartier
A new analysis of property damage from Atlantic and Gulf of Mexico coastal storms has shown that counties with larger wetlands suffered lower property damage costs than did counties with smaller wetlands.
"Starting in 1996, the U.S. government started to produce damage estimates for each tropical cyclone in a consistent manner," explained coauthor Richard Carson, an economist at the University of California, San Diego (UCSD) in La Jolla. Before that, the data were collected only for hurricanes, which hindered past attempts to put a price on the marginal value, or price per unit, of wetlands, he said.
With the complete data set, the researchers examined all 88 tropical cyclones and hurricanes that affected the U.S. starting in 1996. That time period includes Hurricanes Katrina and Sandy.
Read the full adticle here.