Description: A Review of the Valuation of Environmental Costs and Benefits in World Bank Projects

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A Review of the Valuation of Environmental Costs and Benefits in World Bank Projects

The review examines the use of environmental valuation in 101 projects in the World Bank's environmental portfolio approved in fiscal years 2000, 2001, and 2002. It has three broad objectives. First, it examines the extent to which environment...

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Bibliographic Details
Main Authors:	Silva, Patricia, Pagiola, Stefano
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ENVIRONMENT ENVIRONMENTAL ACCOUNTING ECONOMIC ASPECTS OF ECOLOGY EMISSIONS ENERGY TRANSPORT AGRICULTURE FISHING FORESTRY SANITATION GLOBAL CAPITAL AGRICULTURE AIR POLLUTION AIR QUALITY CAPACITY BUILDING CARBON CARBON DIOXIDE CONSUMERS CONTINGENT VALUATION COST ANALYSIS COST BENEFIT ANALYSIS COST EFFECTIVENESS COST EFFECTIVENESS ANALYSIS DAMAGES ECONOMIC ANALYSIS ECONOMIC RATE OF RETURN ECONOMIC VALUE ECONOMICS LITERATURE ENVIRONMENTAL COSTS ENVIRONMENTAL ECONOMICS ENVIRONMENTAL GOODS ENVIRONMENTAL IMPACTS ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL POLICIES ENVIRONMENTAL REGULATIONS ENVIRONMENTAL VALUATION ENVIRONMENTAL VALUES EXTERNALITIES FINANCIAL TRANSACTIONS HEDONIC PRICING INCOME LAND USE LEARNING MARKET PRICES NATURAL RESOURCES OIL PRESENT VALUE PRIVATE SECTOR PRODUCERS PRODUCTIVITY PROJECT IMPACTS RESOURCES MANAGEMENT SOCIAL COSTS SULFUR DIOXIDE TECHNICAL ASSISTANCE TOTAL COSTS TRAVEL COST METHOD WASTE MANAGEMENT WATER SUPPLY WATERSHED WELFARE ECONOMICS WILLINGNESS TO ACCEPT WILLINGNESS TO PAY WTA WTP
Online Access:	http://documents.worldbank.org/curated/en/2003/12/4329459/review-valuation-environmental-costs-benefits-world-bank-projects http://hdl.handle.net/10986/18395

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Summary:	The review examines the use of environmental valuation in 101 projects in the World Bank's environmental portfolio approved in fiscal years 2000, 2001, and 2002. It has three broad objectives. First, it examines the extent to which environmental costs and benefits have been incorporated in the economic analysis of projects. Second, it examines how well valuation was used. Third, it seeks to identify areas of weakness so as to feed into plans for capacity building. The results show that the use of environmental valuation has increased substantially in the last decade. Ten years ago, one project in 162 used environmental valuation. In recent years, as many as one third of the projects in the environmental portfolio did so. While this represents a substantial improvement, there remains considerable scope for growth.