Incorporating environmental value and externality in project evaluation as a sustainability indicator to evaluate Bangladesh water development

Research output: Contribution to journalArticle

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Incorporating environmental value and externality in project evaluation as a sustainability indicator to evaluate Bangladesh water development. / Wattage, P; Soussan, J.

In: Water resources management, Vol. 17, No. 6, 12.2003, p. 429-446.

Research output: Contribution to journalArticle

Harvard

Wattage, P & Soussan, J 2003, 'Incorporating environmental value and externality in project evaluation as a sustainability indicator to evaluate Bangladesh water development', Water resources management, vol. 17, no. 6, pp. 429-446.

APA

Wattage, P., & Soussan, J. (2003). Incorporating environmental value and externality in project evaluation as a sustainability indicator to evaluate Bangladesh water development. Water resources management, 17(6), 429-446.

Vancouver

Wattage P, Soussan J. Incorporating environmental value and externality in project evaluation as a sustainability indicator to evaluate Bangladesh water development. Water resources management. 2003 Dec;17(6):429-446.

Author

Wattage, P ; Soussan, J. / Incorporating environmental value and externality in project evaluation as a sustainability indicator to evaluate Bangladesh water development. In: Water resources management. 2003 ; Vol. 17, No. 6. pp. 429-446.

Bibtex - Download

@article{825f746d7ab44ffa9e1bd3a233f72d3a,
title = "Incorporating environmental value and externality in project evaluation as a sustainability indicator to evaluate Bangladesh water development",
abstract = "A major difficulty of conventional cost benefit analysis is that it will allow choosing an alternative among others only on the criterion of economic efficiency: that the selected project or activity has been proven to produce economic benefits over costs for the period of the project. An analysis of this kind generally does not create a problem if the costs and benefits series are easy to quantify and clearly identifiable. However, almost all projects linked with the environment are clear exceptions to this category. Many environmental projects are facing a difficulty of evaluating the success based on economic efficiency due to two reasons: ( a) environmental benefits are difficult to quantify and (b) environmental interactions that will cause severe externalities are difficult to predict. The main objective of this paper is to suggest a new method that can be used to overcome such difficulties in environmental projects. Data used in this analysis will demonstrate a practical approach to evaluate environmental projects. The evaluation proposed is different to traditional analysis in that it has been based on a large programme of primary research and has included efforts to achieve a consensus of all stakeholders, including those directly involved in project implementation.",
keywords = "environment value, externality, sustainability indicator, cost-benefit analysis, water development, BENEFIT-COST-ANALYSIS, CONTINGENT VALUATION",
author = "P Wattage and J Soussan",
year = "2003",
month = dec,
language = "English",
volume = "17",
pages = "429--446",
journal = "Water resources management",
issn = "0920-4741",
publisher = "Springer Netherlands",
number = "6",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - Incorporating environmental value and externality in project evaluation as a sustainability indicator to evaluate Bangladesh water development

AU - Wattage, P

AU - Soussan, J

PY - 2003/12

Y1 - 2003/12

N2 - A major difficulty of conventional cost benefit analysis is that it will allow choosing an alternative among others only on the criterion of economic efficiency: that the selected project or activity has been proven to produce economic benefits over costs for the period of the project. An analysis of this kind generally does not create a problem if the costs and benefits series are easy to quantify and clearly identifiable. However, almost all projects linked with the environment are clear exceptions to this category. Many environmental projects are facing a difficulty of evaluating the success based on economic efficiency due to two reasons: ( a) environmental benefits are difficult to quantify and (b) environmental interactions that will cause severe externalities are difficult to predict. The main objective of this paper is to suggest a new method that can be used to overcome such difficulties in environmental projects. Data used in this analysis will demonstrate a practical approach to evaluate environmental projects. The evaluation proposed is different to traditional analysis in that it has been based on a large programme of primary research and has included efforts to achieve a consensus of all stakeholders, including those directly involved in project implementation.

AB - A major difficulty of conventional cost benefit analysis is that it will allow choosing an alternative among others only on the criterion of economic efficiency: that the selected project or activity has been proven to produce economic benefits over costs for the period of the project. An analysis of this kind generally does not create a problem if the costs and benefits series are easy to quantify and clearly identifiable. However, almost all projects linked with the environment are clear exceptions to this category. Many environmental projects are facing a difficulty of evaluating the success based on economic efficiency due to two reasons: ( a) environmental benefits are difficult to quantify and (b) environmental interactions that will cause severe externalities are difficult to predict. The main objective of this paper is to suggest a new method that can be used to overcome such difficulties in environmental projects. Data used in this analysis will demonstrate a practical approach to evaluate environmental projects. The evaluation proposed is different to traditional analysis in that it has been based on a large programme of primary research and has included efforts to achieve a consensus of all stakeholders, including those directly involved in project implementation.

KW - environment value

KW - externality

KW - sustainability indicator

KW - cost-benefit analysis

KW - water development

KW - BENEFIT-COST-ANALYSIS

KW - CONTINGENT VALUATION

M3 - Article

VL - 17

SP - 429

EP - 446

JO - Water resources management

JF - Water resources management

SN - 0920-4741

IS - 6

ER -