Economic valuation methods for environmental resources - a review
by Showkat Ahmad Shah
Interdisciplinary Environmental Review (IER), Vol. 19, No. 3/4, 2018

Abstract: In the last decades, valuation of environmental resources become an emerging task for environmentalists, decision makers and technocrats as they often are being undervalued due to their non-marketable nature. Various studies demonstrated that most of the economies are paced with continuous huge unobserved monetary loss in terms of deteriorations of environmental assets. This would be unhygienic for economic development in the long run. This paper highlighted the range of possibilities of economic valuation methods, as an economic assessment tool and how they are associated with the concerned problems. The study also documented the various pros and cons of each method and seeks to explain how valuation should be conducted to counter the policy related questions.

Online publication date: Thu, 18-Oct-2018

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