The EPA and other governmental agencies are experimenting with new environmental remedies.

The EPA and other governmental agencies are experimenting with new environmental remedies. One controversial remedy levies fines according to contingent valuation in which a cross section of individuals are asked how much it values particular resources. In other developments, companies are increasingly being required to pay for restoring the environment to the way it was before being damaged.

What are your thoughts on each approach outlined above? Do you believe they can be used together, or are they are mutually exclusive?