The Cost Of Protecting Endangered Species

For each of them, describe someone who benefits from environmental protection, and someone who would bear costs from environmental protection. Describe those benefits and costs.

a) Protecting endangered species whose habitat is affected by human settlements.
Those who benefit include the public who gets offsite benefits through protecting nongame wildlife, insects, and plants providing a chance for future existence of the species. These benefits include by giving the chance to public to observe the life specimens of wide diversities in the endangered species. Those who bear the costs include land owners that may lose their traditional land’s value, when the government issues land restriction on private property to protect the species habitat

b) Harvesting fish from a lake so much that the fish population might die out.
The local public benefits from harvesting the fish so much because the economies are boosted when fishermen have surplus fish, the prices go down and therefore the public can afford to purchase at the lowered price. Over the long term overfishing causes reduced income and an insecure base of food supply; the fish market jobs reduce and there are lowered incomes for the remaining fishermen. The fish buyers will give more money for the same fish bought at a lower price when there was no overfishing, when the supply of fish reduces the demand increases and the prices rise; the consumers will part with more money.

c) Extracting coal by stripping away the soil and forests overlying it, leading to disturbed landscapes and water

In the future however convectional petroleum deposits will run out and the government will have to exploit even dirtier alternatives like tar sands in Alberta that will be damaging to the environment. The public will have to give more taxes towards environmental protection and recovery. The amount of energy necessary to recover a barrel of tar-sand oil is more than that is needed to extract the same amount of crude oil. Therefore the automotive users will have to bear the high cost of production by paying more for the fuel. The public will bear the cost of hospital bills due to environmental pollution from the extraction of oil form tar and coal because the processes are carbon