The endangered species act has achieved more success than it has failed. The Act has been able to develop the following preservation methods that can be used to measure its success. Even though Endangered Species Act has been controversial and it has been successful regarding species conservation. The Noah problem is one of them. In this method is about the species to include in the ark when there is a limited space and they cannot all fit in the ark. The success is identified using the value of individual species and its contribution to biological diversity and the worth of variety. It involves diversity preservation which also means habitat protection. There is also the Economic Habitat and Incentive preservation. It is a key to biodiversity conservation. On public lands, the major players are the public agencies.
...The companies include biodiversity plus any other process chosen for them. Most endangered species are on private property, and it is hard to determine the success of the ark conservation policy.
There exists a Cost –Effective Biodiversity Conservation credible social value estimates of biodiversity which exist though it is hard to get them. Cost –effectiveness analyze issues real gauge of diversity and then figures out the amount of that measure that can be realized with a set budget and cost or, equally, the most minimum cost of obtaining a set amount of diversity. This method has enabled the use of many resources to use in preservation. The success of this act can be seen the logic of considering costs. When land is in private ownership, and it has a land market that is active, it will pay the full market
value. The Endangered Species Act has received criticism criticized, but it has helped in preserving more species and ensures continuity of species. It has been successful.
References
- Field, C. (2016). Natural Resource Economics
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