Assessment on external cost of reclamation in Jiaozhou Bay based on resource equivalency analysis

Based on the identification and classification of the environmental effect of Jiaozhou Bay's reclamation, this article uses resource equivalency analysis (REA) to evaluate the external ecological cost of Jiaozhou Bay's reclamation, which is 452,000 yuan/hectare. This evaluation result not only describes the ecological sacrifice during reclamation, but also provides a calculation structure and example for the study on monetizing ecological damage from reclamations for other regions.