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    Valuing the Environment

    Quah, Euston; Tan, Tsiat Siong | October 2019
    Abstract
    To determine the amount of environmental goods and services to provide or preserve, it is necessary to weigh society’s degree of preference for the environment vis-à-vis other goods and services. This value measure serves to inform the decision-making and policy-making process and thereby justify the allocation of limited resources between competing uses. This paper provides an overview of economic valuation methods for environmental goods, with examples of real-world applications. Valuation methods include both demand and non-demand curve approaches, including the dose-response method, contingent valuation method, and hedonic pricing. The paper further discusses the damage schedules approach and benefits transfer in cases where conventional valuation methods are less suitable.
    Citation
    Quah, Euston; Tan, Tsiat Siong. 2019. Valuing the Environment. © Asian Development Bank Institute. http://hdl.handle.net/11540/11238.
    Keywords
    Macroeconomic
    Macroeconomic Analysis
    Performance Evaluation
    Impact Evaluation
    Environmental Sustainability
    Work Environment
    Urban Environment
    Social Environment
    Regulatory Environments
    International Environmental Relations
    Institutional Environment Assessment
    Global Environment
    Environmental Sustainability
    Environmental Strategy
    Environmental Services
    Environmental Resources
    Environmental Management and Planning
    Environmental Issues
    Environmental Guidelines
    Environmental Effects
    Environment and Pollution Prevention
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Environmental Control
    Environmental Technology
    Land Development
    Forestry Development
    Fishery Development
    Environmental Statistics
    Environmental Planning
    Environmental Management
    Environmental Education
    Environmental Capacity
    Pollution Control
    Nature Protection
    Environmental Conservation
    Exports
    Economic development projects
    Economic policy
    Economic forecasting
    Carbon dioxide mitigation
    Ecological risk assessment
    Air quality indexes
    Ecological risk assessment
    Environmental impact evaluation
    Analysis of environmental impact
    Environmental toxicology
    Health risk assessment
    Rain and rainfall
    Acid precipitation
    Ozone-depleting substance mitigation
    Greenhouse gas mitigation
    Prevention of pollution
    Air quality
    Air quality management
    Pollution
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    Citable URI
    http://hdl.handle.net/11540/11238
    Metadata
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    adbi-wp1012.pdf (218.6Kb)
    Author
    Quah, Euston
    Tan, Tsiat Siong
    Theme
    Economics
    Environment
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise