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Wetlands, Flooding, and the Clean Water Act
by
Taylor, Charles A.
, Druckenmiller, Hannah
2022
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Wetlands, Flooding, and the Clean Water Act
by
Taylor, Charles A.
, Druckenmiller, Hannah
2022
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Journal Article
Wetlands, Flooding, and the Clean Water Act
2022
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Overview
In 2020 the Environmental Protection Agency narrowed the definition of “waters of the United States,” significantly limiting wetland protection under the Clean Water Act. Current policy debates center on the uncertainty around wetland benefits. We estimate the value of wetlands for flood mitigation across the United States using detailed flood claims and land use data. We find the average hectare of wetland lost between 2001 and 2016 cost society $1,840 annually, and over $8,000 in developed areas. We document significant spatial heterogeneity in wetland benefits, with implications for flood insurance policy and the 50 percent of “isolated ” wetlands at risk of losing federal protection.
Publisher
American Economic Association
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