Environmental Evaluation Methods in Economics
A critical appraisal
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There is a trade off between environment and development. Sustainable development is that development that satiates the prerequisites of the present without compromising the ability of the future generations to meet there own needs. Sustainable development facilitates the bridging amidst economic growth and environmental protection while taking into account other issues traditionally associated with development. It seeks to develop means of supporting economic growth while supporting biodiversity, relieving poverty without mis allocating natural capital in the short run at the expense of long ...
There is a trade off between environment and development. Sustainable development is that development that satiates the prerequisites of the present without compromising the ability of the future generations to meet there own needs. Sustainable development facilitates the bridging amidst economic growth and environmental protection while taking into account other issues traditionally associated with development. It seeks to develop means of supporting economic growth while supporting biodiversity, relieving poverty without mis allocating natural capital in the short run at the expense of long term development. There is a need for environmental preservation and costing. Costing requires valuation. However, it is important to take account of the problems in environmental valuation. The purpose of this book is to take a look on emergence and application of various environmental valuation methods, and bring out the different strands among the valuation methodology and there deficiency. There is a need for a robust methodology of valuation which can resolve the deficiencies of the methodologies which are currently in use.
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