The problem is that factories or companies in the oil, petrochemical and chemical industries may, for any reason, such as dumping factory wastewater into the surrounding land, contaminate the soil and, of course, groundwater, and directly or indirectly endanger human health. And be community. Are there methods of calculating the damage estimate (direct and indirect estimate methods) for contaminated land?
Not exactly my expertise, but I have dealt with chemical spills and cleanup a few times. Of course, each country has its own environmental agencies and policies. Essentially, it is easy to see the value of land could become less than the cost of cleanup or bioremediation. In planning of activity that will or has potential to pollute, it is important to assess how to manage or mitigate pollution, and require various security as performance bonds, insurance, royalties from activities, escrow of funds for cleanup costs, annual or regular reviews. But too often, especially in the past, individuals and companies have polluted, collected in some cases massive profits, but then claimed bankrupcy and abandoned the land, leaving neighbors, community and country to pick up the pieces for land with no or actually negative value. If the landowner has been affected by outside pollution of others, a case would have to be made to the land or real estate assessor to consider the damage, such as might be the cost of cleanup, or value of the land for sale when disclosing its issues with pollution. The costs of cleanup would vary with the circumstances, requiring perhaps opinions of environmental cleanup or remediation experts. It probably should be illegal to abandon, sell or transfer severely polluted lands without full disclosure and restitution.
Dear Dr Mahbubeh , Thank you so much for the question and excellent answer by dear Prof William, Please note that according to the attached file of "The State of Knowledge of Crimes that have Serious Impacts on the Environment"
Illegal activities that involve the environment, biodiversity, or natural resources are often lucrative and involve comparatively low risks for criminals
Therefore, we should not follow the word of Tax !, but should replace it by " following measurements in Environmental crimes!
greetings, here are some researches similar to your question:
Article Estimating the Residential Land Damage of the Fukushima Nucl...
http://ijaret.com/wp-content/themes/felicity/issues/vol2issue3/abhishek.pdf
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