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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